Meghalaya all set to get Rs 500 Cr as spl assistance on capital investment

Syllad | The Rising MeghalayaFebruary 9, 2024

Chief Minister Conrad K Sangma on Friday informed that Meghalaya will get Rs 500 crore as special assistance on capital investment within this financial year.  

“I am happy to inform you that out of Rs 15,000 crore, we have put in a proposal of Rs 619 crore from Meghalaya’s point of view and we have already received approval close to Rs 500 crore out of this,” he said.

He said both the amendment of the Meghalaya Building Byelaws and the Shillong Urban Mobility Policy, 2024 have been adopted with the intention of ensuring the state is able to avail the special assistance on capital investment for urban areas.

Sangma added that the government is expecting another Rs 100 crore to come in after the approvals and amendments are done.

“So we are expecting that Meghalaya should receive Rs 597 crore but even the Rs 100 crore is still pending we are expected to get Rs 497 crore (almost Rs 500 crore) from the special assistance on capital investments for urban areas in this particular financial year,” he said.