Nagaland CM Neiphiu Rio presents budget outlay for 2024-25
Feb 28, 2024Nagaland Chief Minister Neiphiu Rio presented the budget outlay of 23727.88 crore for the financial year 2024-25, with an estimated accumulated deficit of 905.78 crore rupees. Presenting the budget on the second day of the ongoing session of the 14th Nagaland Legislative Assembly on Tuesday, Chief Minister Neiphiu Rio who is also the finance minister incharge said, the gross receipts are estimated at 23978.05 crore rupees and the gross expenditures are at 23727.88 crore rupees. In his post-budget press conference, Rio termed the budget as people-centric, citing that the government has included 20 new initiatives for the welfare of the people.
Marking a significant step towards welfare-centric governance, the state government has announced the Chief Minister’s Universal Life Insurance scheme, fully funded by the state government to mitigate financial hardship due to untimely demise of a family's breadwinner. Rio said, the scheme will provide life insurance coverage of two lakh rupees on the demise of the breadwinner due to any cause. Additionally, accidental insurance coverage of two lakh rupees each will also be provided for the breadwinner and three other family members. The accidental insurance component covers both disability and death.
In case of accidental death, the sum insured is two lakh rupees per beneficiary, two Lakh in case of total and irrecoverable loss of both eyes or loss of use of both hands or feet and one lakh for total and irrecoverable loss of sight of one eye or loss of use of one hand or foot.
Chief Minister Rio said, this scheme will cover every household in Nagaland and a provision of 15 crore rupees has been provided to pay the cost of premium. He said, the Local Area Development Fund (LADF) allocation has been hiked to two crore rupees from one crore rupee for each constituency. Rio also said an amount of 180 crore rupees has been sanctioned under PM DevINE for the areas of Eastern Nagaland. In Agri and Allied Sector, the government has provided a total outlay of 4190.20 lakh rupees for various core activities.
Under Health and Family Welfare sector, 771 lakh rupees have been provided for constructions in District Hospitals, CHCs, PHCs, Sub-Centres, staff quarters and hostels. The Border Affairs sector has been provided 300 lakh rupees for border-related activities, while Chief Electoral Officer has been provided 352 lakh rupees for construction of EVM and VVPAT warehouses, he added.
Meanwhile, the Chief Minister also expressed deep concern at the decision of the Union government of India to suspend the Free Movement Regime (FMR) along the international border with Myanmar. Rio said, the issue needs comprehensive consultations, and raising of the matter with the Government of India for reconsideration of its decision, and for continuance of FMR.
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