Finance Ministry releases Rs 1,093 cr for restoration of infra in J&K

Earlier, as part of the package, special assistance of Rs 1,194.85 crore was released in 2015-16

By: ENS Economic Bureau | New Delhi | Published:November 1, 2016 1:57 am

The finance ministry on Monday released the first instalment of special assistance worth Rs 1,093.34 crore for repair and permanent restoration of damaged public buildings in Jammu & Kashmir under the Prime Minister’s Reconstruction Plan announced in November last year.

An amount of Rs 2,000 crore has been provided for permanent restoration of damaged infrastructure such as schools, colleges, hospitals, bus stations and other critical public infrastructure under PM’s reconstruction plan for Jammu & Kashmir, the finance ministry said in a statement.

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The government also gave its approval on October 27 to one-time relaxation of Mission for Integrated Development of Horticulture (MIDH) cost norms for restoration of damaged horticulture areas and development of horticulture in the state. An amount of Rs 500 crore has also been provided under this head as part of PM’s Reconstruction Plan for Jammu & Kashmir, it said.

Earlier, as part of the package, special assistance of Rs 1,194.85 crore was released in 2015-16 towards assistance for completely or partially damaged houses and Rs 800 crore was released on April 26 for interest subvention on account of assistance for restoration of livelihood for traders/self-employed/business establishment, the statement said.

The Prime Minister’s Reconstruction Plan for Jammu & Kashmir was announced by PM Narendra Modi on November 7, 2015, amounting Rs 80,068 crore for post-flood relief and restoration and long-term development of the state, including assistance for small trade and business, power, new and renewable energy, skill development, sports, agriculture and food processing, tourism and urban development.