Latest news with #CentralSectorSchemeofSpecialDevelopmentPackages
Time of India
a day ago
- Business
- Time of India
Centre okays Rs 4,250cr peace accord-tied devpt package in Assam, Tripura
Guwahati: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved a Rs 4,250 crore central allocation for four special development packages tied to peace accords signed with 12 militant groups of Assam and Tripura. The newly approved packages aim to accelerate inclusive growth in the two states by targeting communities historically excluded from mainstream development. The initiative focuses on improving the socio-economic conditions of vulnerable and marginalised groups, enhancing access to health services, education, and skill development, and generating income through livelihood activities — especially for youth and women. By promoting equity and opportunity, the scheme is expected to create jobs, empower local entrepreneurship, and boost tourism, ultimately benefiting lakhs across Adivasi and Dimasa communities in Assam and tribal populations in Tripura. The funds will be provided under the existing Central Sector Scheme of Special Development Packages — Rs 4,000 crore for Assam, which will be implemented over five years (FY 2025–30) across three components, and Rs 250 crore for Tripura, which will be deployed over four years (FY 2025–29) for tribal development. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo The largest share — Rs 3,000 crore — has been earmarked for infrastructure development in Assam under the peace agreement with the United Liberation Front of Asom (Ulfa). Assam will pump in an additional Rs 3,000 crore from its own resources, taking the total financial outlay to Rs 7,250 crore. The packages are aligned with memoranda of settlement (MoS) signed between the Govt of India, the respective state governments, and ethnic groups in the two states, which aim to promote peace, inclusive development, and socio-economic rehabilitation in previously affected regions. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
a day ago
- Business
- Time of India
Cabinet greenlights ₹4,250 crore to boost infra, empower vulnerable groups in Assam and Tripura
Advt Advt New Delhi: The Union Cabinet on Friday approved four new components under the existing Central Sector Scheme of Special Development Packages (SDPs) for Assam and Tripura with a total outlay of ₹4,250 to a Cabinet statement, ₹500 crore will be given for the development of infrastructure in Adivasi-inhabited villages/areas of Assam as per the Memoranda of Settlement (MoS) signed by the Central government and the Assam government with the Adivasi groups of this, lakhs of people across Adivasi and Dimasa communities in Assam, people residing in various other districts of Assam and tribal communities of Tripura will benefit."₹500 crore for development of infrastructure in the North Cachar Hills Autonomous Council (NCHAC) area of Dimasa National Liberation Army/Dimasa People's Supreme Council inhabited villages/areas of Assam as per the MoS signed by the Government of India and Government of Assam with the Dimasa National Liberation Army (DNLA)/Dimasa People's Supreme Council (DPSC) Groups of Assam," an official statement Cabinet, chaired by Prime Minister Narendra Modi, also cleared ₹3,000 crore for the development of infrastructure in Assam as per the MoS signed by the Centre and the state government with the ULFA groups of Assam."₹250 crore for development of tribals of Tripura as per the MoS signed by the Government of India and Government of Tripura with the National Liberation Front of Tripura (NLFT) and All Tripura Tiger Force (ATTF) Groups of Tripura," the Cabinet overall outlay of the proposed four new components will be ₹7,250 crore, out of which ₹4,250 crore will be provided under the existing Central Sector Scheme of Special Development Packages for Assam (₹4,000 crore) and Tripura (₹250 crore), and the remaining ₹3,000 crore will be contributed by the Assam government from their of ₹4,250 crore, an outlay of ₹4,000 crore for a period of five yeafrom Financial Year 2025-26 to 2029-30 is for three components of Assam and an outlay of ₹250 crore for a period of four yea₹from Financial Year 2025-26 to 2028-29 is for one component of scheme will promote equity through improving the socio-economic condition of vulnerable and marginalised groups of people who have not benefited adequately from various existing government schemes; boost employment opportunities, provide health services, promote education and skilling and income through livelihood activities for youth and women; and increase the inflow of tourists from other parts of the country.--IANSna/vd
Business Upturn
a day ago
- Business
- Business Upturn
Cabinet approves Rs 4,250 crore special development packages for Assam and Tripura
By Aditya Bhagchandani Published on August 8, 2025, 16:44 IST The Union Cabinet, chaired by Prime Minister Narendra Modi, has cleared four new components under the Central Sector Scheme of Special Development Packages (SDPs) for Assam and Tripura, with a total outlay of Rs 4,250 crore. The approval came after Friday's market hours. Under the plan, Rs 500 crore will be allocated for infrastructure development in Adivasi-inhabited areas of Assam, and another Rs 500 crore for North Cacher Hills Autonomous Council areas linked to the Dimasa groups. The largest allocation, Rs 3,000 crore, will go toward infrastructure in areas associated with ULFA groups in Assam. Additionally, Rs 250 crore will be directed toward tribal development in Tripura, in line with Memoranda of Settlement (MoS) signed with NLFT and ATTF groups. The packages aim to improve socio-economic conditions, create employment, enhance skill development, and promote tourism in the North Eastern states. The Assam components will be implemented over five years starting FY26, while the Tripura project will span four years. The scheme is expected to benefit lakhs of people from Adivasi, Dimasa, and tribal communities, building on the success of earlier MoS-based packages in fostering peace and development in the region. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
