Economics • Indian EconomyMedium
How does the Prime Minister's Development Initiative for North East Region (PM-DevINE) specifically impact capital expenditure and infrastructural development in Arunachal Pradesh?
A. By funding infrastructure projects and social sector initiatives based on felt needs of the region✓ Correct Answer
B. By levying heavy export tariffs on traditional handloom products
C. By privatizing all educational institutions in state capitals
D. By replacing all central tax devolution grants with foreign loans
💡 Solution & Explanation
PM-DevINE is a central sector scheme designed to fund infrastructure projects and address social development deficits across northeastern states like Arunachal Pradesh, ensuring faster completion of critical connectivity and livelihood projects. It operates in tandem with existing central outlays to bridge specific regional developmental gaps. Effective utilization of these funds enhances capital asset creation and boosts regional employment. Monitoring mechanisms ensure transparency and timely execution of sanctioned works.
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