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PM Modi reviews flood situation in the Northeastern States, chairs meetings with CMs

Published By : Admin | August 1, 2017 | 13:19 IST
PM Modi reviews flood situation in the Northeastern States, announces assistance of over Rs. 2000 crore
Northeast Floods: PM Modi chairs high level meeting with Chief Ministers of Assam, Arunachal Pradesh, Manipur and Nagaland

The Prime Minister, Shri Narendra Modi, today announced a relief package of over Rs. 2000 crore for relief, rehabilitation, reconstruction and flood mitigation measures in the flood-affected North-Eastern states. The announcement came at the end of a series of high level meetings, where the Prime Minister reviewed the flood situation, and relief measures in the States.

Through the course of the day, the Prime Minister held separate, detailed review meetings on the situation in the States of Assam, Arunachal Pradesh, Manipur and Nagaland. The Chief Ministers of the respective States, and senior officials were present at the meetings. A memorandum was received from the Chief Minister of Mizoram, who could not make it to the meeting in person.

Over Rs. 1200 crore will be given by the Union Government for the infrastructure sector alone. The funds will be utilized for repair, maintenance, and strengthening of roads, highways, bridges, and other damaged infrastructure.

Rs. 400 crore will be provided for improving the water holding capacity of the Brahmaputra River, which will assist in flood control.  

In the current financial year, the Union Government has approved Rs. 600 crore as central share of SDRF. Out of this, Rs. 345 crore has already been released, and the remaining will be released immediately, to assist the States in relief and rehabilitation work.

The Union Government will also provide Rs. 100 crore for carrying out a study to synergize efforts towards finding time-bound long term solutions to recurrent floods in the region.  

The North-Eastern region, with eight percent of India's land area, contains one-third of the country's water resources. The Union Government will constitute a High Level Committee, with representation from Ministries of the Government of India and the States, for proper management of the region's vast water resources. An ex-gratia assistance of Rs. 2 lakh to the next of kin of the deceased, and Rs. 50,000/- to each of those seriously injured due to the floods, has been sanctioned under the Prime Minister's National Relief Fund (PMNRF).

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Cabinet approves equity support to Small Industries Development Bank of India
January 21, 2026
Flow of credit to MSMEs will increase as SIDBI will be able to generate additional resources at competitive rates
Approximately 25.74 lakh new MSME beneficiaries will be added

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the equity support of Rs.5,000 crore to Small Industries Development Bank of India (SIDBI).

The equity capital of Rs.5000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs.3,000 crore in Financial year 2025-26 at the book value of Rs.568.65/- as on 31.03.2025 and Rs.1,000 crore each in Financial Year 2026-27 and Financial year 2027-28 at the book value as on 31st March of the respective previous financial year.

Impact:

Post equity capital infusion of Rs.5000 crore, number of MSMEs to be provided financial assistance is expected to increase from 76.26 lakh at the end of Financial Year 2025 to 102 lakhs (approximately 25.74 lakh new MSME beneficiaries will be added) by the end of Financial Year 2028. As per latest data (as on 30.09.2025) available from official website of M/o MSME, 30.16 crore employment is generated by 6.90 crore MSMEs (i.e. employment generation of 4.37 persons per MSME). Considering this average, employment generation is estimated to be 1.12 crore with the expected addition of 25.74 lakh new MSME beneficiaries by the end of Financial Year 2027-28.

Background:

With a focus on directed credit and anticipated growth in that portfolio over the next five years, the risk-weighted assets on SIDBI’s balance sheet are expected to rise significantly. This increase will necessitate higher capital to sustain the same level of Capital to Risk-weighted Assets Ratio (CRAR). The digital and digitally-enabled collateral-free credit products being developed by SIDBI, aimed at boosting credit flow, along with the venture debt being offered to start-ups, will further escalate the risk-weighted assets, requiring even more capital to meet healthy CRAR.

A healthy CRAR, well above the mandated level, is a key to protect credit rating. SIDBI will benefit from an infusion of additional share capital by maintaining a healthy CRAR. This infusion of additional capital would enable SIDBI to generate resources at fair interest rates, thereby increasing the flow of credit to Micro, Small & Medium Enterprises (MSMEs) at competitive cost. The proposed equity infusion in staggered or phased manner will enable SIDBI to maintain CRAR above 10.50% under high stress scenario and above 14.50% under Pillar 1 and Pillar 2 over next three years.