North East has received 21 pc hike in budgetary allocation:ICC

The Indian Chamber of Commerce (ICC) Friday stated that the interim Union Budget has provided major budgetary boost to the North East region.

North East India has received a 21 per cent hike in budgetary allocation with assured infrastructural developmental initiatives in inland waterways and connectivity, ICC director general Rajeev Singh in a press release said.

"With universal electrification and digital connectivity rural India is destined to generate the next growth wave of employment generation and North East India is slated to be the new growth hub of India", Singh said.

Stating the ICC welcomes measures taken in the agri and allied sector, he said, "the interim budget 2019-20 has announced the Pradhan Mantri Kisan Samman Nidhi that will be effective from December 1, 2018.

This scheme will assist small and marginal farmers of NE region.

"It has also promised Rs 6000 per year for farmers owning upto two hectares of land. This will help in providing structured ...