Consider the following statements about Non lapsable Central Pool of Resources NLCPR and identify th...........

Economic Affairs Infrastructure

Consider the following statements about Non-lapsable Central Pool of Resources (NLCPR) and identify the correct one/s.

1. The main objective of the NLCPR is to ensure speedy development of infrastructure in the North Eastern Region and Sikkim.

2. Under NLCPR, 10% contribution has to come from state governments.

3. NLCPR has been discontinued and replaced with North East Special Infrastructure Development Scheme

Select the correct answer using code given below

1 and 2 only

1 only

1 and 3 only

All of the above

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Explanation:

During the AtalBihari Vajpayee rule, the union ministries were mandated to spend 10% of their budget allocations for the development of North-Eastern region. However, in case the ministries failed to spend the said amount for northeast development purpose, those unspent funds would be diverted to a Non-lapsable Central Pool of Resources (NLCPR). Thus, NLCPR was established by AtalBihari Vajpayee Government.
The broad objective of the Non-Lapsable Central Pool of Resources (NLCPR) is to ensure speedy development of infrastructure in the North Eastern Region and Sikkim by increasing the flow of budgetary financing for specific viable infrastructure projects/schemes in the region.
The Ministry for Development of Northeastern Region allocates funds from the NLCPR to various Northeast states for infrastructure projects. Ministry of DoNER allocates funds under two schemes viz. NLCPR (State) and NLCPR-Central for which annual budgetary allocations are provided in the normal budgetary process.
A recent update from pib reads - The Union Cabinet chaired by the Prime Minister ShriNarendraModi has approved the continuation of the existing Non Lapsable Central Pool of Resources (NLCPR) scheme with funding pattern of 90:10 till March, 2020 with an outlay of Rs.5300.00 crore. It would enable completion of ongoing projects.
The Union Cabinet also approved the introduction of new Central Sector Scheme of “North East Special Infrastructure Development Scheme” (NESIDS) from 2017-18 with 100% funding from the Central Government to fill up the gaps in creation of infrastructure in specified sectors till March, 2020.