Current Affairs

Special Fund For NRGs In Distress

The State Cabinet at its meeting on Thursday approved setting up a special fund called ‘NRG Emergency Repatriation Fund’ to help Non-Resident Goans in distress overseas.
Announcing this, Chief Minister Digambar Kamat said there have been a few cases where NRG’s working abroad were caught in distress and needed help and said this fund would give them relief.
Under the scheme, the NRI Commissioner has been empowered to release up to Rs 5 lakhs for a person caught in distress.

According to the NRI Commission’s office, more than three lakh Goans are working overseas.

FUNDING VIABILITY GAP: The cabinet also approved setting up a corpus of Rs 50 crore for the Goa Infrastructure Project Development Fund which will be utilized for infrastructure projects undertaken under the Public Private Partnership model.
Digambar Kamat said these funds would be utilized for funding the viability gap for infrastructure projects taken up on PPP model and added that the funding will be done based on Government of India guidelines.
Meanwhile, at the pre-budget meeting with the Centre, Goa has asked for special funds for the agriculture sector, disclosed Digambar Kamat.
Besides, funds have been sought to set up infrastructure to boost tourism and specifically for construction of a convention centre and beach management.
Additional funds have also been sought to organize the National Games which have been approved but not yet disbursed, he said.

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