About the Scheme

• A new scheme, Prime Minister’s Development Initiative for North East (PM-DevINE) has been announced in Union Budget 2022-23, which will fund infrastructure in the spirit of PM Gati Shakti, and social development projects based on felt needs of the North-East.
• PM-DevINE will enable livelihood activities for youth and women by filling the gaps in various sectors, but it will not be a substitute for existing Central or State schemes. 
• An initial allocation of Rs.1,500 crore has been made, as per Budget speech for 2022-23.

Why in News?

• An initial list of projects under PMDevINE has been released by the government.

Reference:

1. https://pib.gov.in/PressReleasePage.aspx?PRID=1805724