About the Scheme

• A new scheme called Prime Minister’s Development Initiative for North-East Region (PM-DevINE) has been announced by the government in the Union Budget 2022-23.
• The scheme will fund infrastructure and social development projects based on felt needs of the North-East in the spirit of PM GatiShakti.
• PM-DevINE would be executed through the North-Eastern Council.
• The scheme will not be a substitute for existing Central or State schemes. It will enable livelihood activities for youth and women by filling the gaps in various sectors. 
• An initial allocation of Rs.1,500 crore has been made for the scheme.

Why in News?

• Eleven projects amounting to Rs 1503.44 crore have been selected for sanction in FY 2022-23 under PM-DevINE.

https://pib.gov.in/PressReleasePage.aspx?PRID=1913283