Interim Budget 2019: Allocation to North East states to be increased by 21%

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

Finance Minister Piyush Goyal
Finance Minister Piyush Goyal | Photo: @ANI
Press Trust of India New Delhi
Last Updated : Feb 01 2019 | 4:51 PM IST

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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 01 2019 | 4:15 PM IST

Next Story