In a big infrastructure push, the government on Wednesday approved projects worth over Rs 13,000 crore, including a Rs 6,600 crore-scheme for developing physical and social infrastructure in the North-East. The scheme will run over the remaining four years of the Fifteenth Finance Commission from 2022-23 to 2025-26. It will be a central sector scheme with 100% Central funding and will be implemented by the Ministry of Development of North Eastern region (DoNER).
Infrastructure development in the North-East has been identified as one of the key areas to bring about a balance in overall developmental initiatives at the national level. This Infra push will provide opportunities to capital goods companies.
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