The government's development initiatives in the Northeastern states got a major budgetary push Friday as Finance Minister Piyush Goyal proposed to increase the allocation to the region by 21 per cent to Rs 58,166 crore in the interim budget for 2019-20.
Presenting the interim budget 2019-20 in Parliament Friday, Goyal said the people of the Northeast have also received significant benefits of infrastructure development.
"The allocation for the Northeastern areas is being proposed to be increased by 21 per cent to Rs 58,166 crore in 2019-20 budget estimates over 2018-19," he said.
Goyal said Arunachal Pradesh has come on the air map recently and Meghalaya, Tripura and Mizoram have come on India's rail map for the first time.
The finance minister said the government will introduce container cargo movement to the Northeast by improving the navigation capacity of the Brahmaputra river.
Goyal said the projects stuck for decades like the Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh have been completed. With the commissioning of the Pakyong airport in Sikkim, the number of operational airports in the country has crossed 100, he said.
The budget allocation for some of the major schemes being implemented in the Northeastern region is: Rs 580 crore for various schemes of the North Eastern Council, Rs 931 crore under Central Pool of Resources for Northeast and Sikkim, Rs 674 crore under other subsidy payable including for North Eastern Region and Rs 1,700 crore for refund of Central and Integrated GST to Industrial Units in Northeastern region and Himalayan states.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)