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NEC cries for funds as new project launch gets affected

The North Eastern Council is facing acute shortage of funds, hampering implementation of several of its dream projects like setting up of educational institutes, skill development centres and sports academies.

November 28, 2016 / 11:44 IST
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The North Eastern Council is facing acute shortage of funds, hampering implementation of several of its dream projects like setting up of educational institutes, skill development centres and sports academies.

"We have so many dream projects to implement, but there is no money. Whatever little money we receive, it has over 99 per cent utilisation. So, we need more money," North Eastern Council (NEC) Secretary Ram Muivah told PTI.

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Fund allocation to NEC substantially decreased after 9th Five Year Plan from 5.12 per cent of the total outlays for the North East to 0.03 per cent in the current fiscal, he added.

"When NEC was established in 1972, the first year's fund allocation was Rs 500 crore, which was a big amount then.