(a) the percentage of funds invested by AlFis in the North Eastern Region
particularly Assam vis-a-vis all India during 1998-99 to March, 2003 and 77U.-, during 2003-04;
(b) the reasons for such low investments in the development of Assam and the N.E. by all the major Financial Institutions of India ; and
(c) the steps being taken by the Government to give Assam and other North Eastern States their due share from the development funds of these Institutions?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SUS.PALANIMANICKAM)
(a) Information received from the FIs is enclosed at Annexure-I.
(b) & (c) Lack of infrastructure facility, small market, remote geographical location coupled with law and order situation of the North-east have affected the flow of investment in the region. Priority is accorded to the development of the North-East region, Flow of funds depend on the conducive investment climate and peaceful situation. The FIs have extended financial assistance to all eligible and viable projects of the region.