After a three-day visit to Nagaland, the Union Finance Minister said, “On behalf of the Finance Ministry, we will see substantial bank additions in all districts. banking facilities Can be availed through mobile banking facilities. There are 271 bank branches operating in different districts of Nagaland with 94 branches. Dimapur,
Sitharaman said, “The government wants that there should be financial inclusion of all the people and the benefits of all government schemes should reach all the eligible people.”
The Finance Minister said that under tax devolution, the state received Rs 13,782 crore from the Center in 2014-2019, while the state received Rs 3,844 crore in 2009-2014.
He said that under category of grant Further assistance, Nagaland received Rs 29,483 crore from the Center in 2014-2019 as against Rs 20,812 crore during the period 2009-2014. In the current financial year (2022-23), the state got finance commission grant 4,773 crore Rs.
He said that under the Prime Minister’s Development Initiative Northeast (PM-Divine), he said that Nagaland can submit capital expenditure projects up to Rs 1,600 crore under this scheme.
He said that out of 38 projects completed in Nagaland, 17 more Kohima City 245 crore received under the mission alone.