Union Budget 2024-25 – Fund Allocation & Provisions for Assam and North-East India
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As per the Union Budget 2024-25, some of the Fund Allocation & Provisions for Assam and North-East India are discussed here:
- More than 100 branches of India Post Payment Bank will be set up in the North East region.
- Assistance for flood management and related projects in Assam, Sikkim & Uttarakhand.
- Government will also provide assistance to Assam, Himachal Pradesh, Uttarakhand and Sikkim for flood management, landslides and related projects.
- Under the Pradhan Mantri Cha Shramik Protsahan Yojana (PMCSPY), Rs. 1000 crores have been allocated for the welfare of tea workers, especially women.
- The special package for the Bodoland Territorial Council has increased significantly, with Rs 174.66 crore allocated, up from Rs. 100 crore last year.
- The development of the Tea Board is also planned, with the budget outlay increased more than five times, from Rs. 135 crores to Rs. 721.50 crores. Notably, in 2023, Assam produced 654.63 million kilograms of tea, while in 2022, tea production was 668 million kilograms.
- For the development of the Northeast region, a budget outlay of Rs. 5900 crores is planned.
- Assam’s share of devolution stands at Rs. 38,154 crores. The state’s infrastructure will be bolstered through the Pradhan Mantri Sadak Yojana Phase IV and Pradhan Mantri Awas Yojana. Additionally, the tribal areas of the state will receive a boost under the Pradhan Mantri Janajatiya Unnat Gram Abhiyan.
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