Shillong, July 23 (IANS) The Meghalaya Democratic Alliance (MDA) government on Tuesday thanked Union Finance Minister Nirmala Sitharaman for presenting a “growth oriented” Budget with special focus on employment creation and skill development pivoted around the four sections – Garib (poor), Mahilayen (women), Yuva (youth) and Annadata (farmer).
The Finance Department of the MDA government said that as the Budget announced ‘Industrial Parks’ in 100 cities, Meghalaya would leverage this opportunity to create world-class industrial parks in the state.
Increase in the outlay of Special Assistance to states for capital investments which provides 50 years interest free loans from Rs 1.3 lakh crore to Rs 1.5 lakh crore in this budget is a positive development for Meghalaya and would accelerate the infrastructure development in the state, a government statement said.
“In 2023-24, the state has utilised more than Rs 1,300 crore under this scheme,” it said.
The Finance Department said that setting up of 100 branches in the northeastern region by Indian Posts and Payments Bank would improve the banking coverage in Meghalaya, adding the state would leave no stone unturned to ensure that Meghalaya gets a good number of these new branches.
Pradhan Mantri Janjatiya Unnat Gram Abhiyan scheme would be leveraged to saturate all the schemes in the state and all the villages in Meghalaya would be eligible for coverage under this programme.
The statement said that increased focus on agriculture, especially natural farming, would help Meghalaya as it is one of the first states to adopt natural farming in the northeast.
The increased allocations would provide better seeds and planting material to our farmers and help in increasing their income, it pointed out.
The statement said that the one-year internship scheme announced in the Budget would help job seekers to gain valuable experience from top companies and interns would get a monthly allowance of Rs 5,000 per month for a year and a one-time allowance of Rs 6,000.
Generous allocations to housing schemes – PMAY – Gramin and Urban would be leveraged to saturate housing coverage in Meghalaya, the statement stated.
It said that the incentives announced for first time employees (one month salary up to Rs 15,000 in 3 installments under the DBT mode) based on EPFO registration can be dovetailed with the Meghalaya Industrial and Investment Promotion Policy, 2024 to ensure industrial development and accelerated job creation in the state.
–IANS
sc/pgh
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
