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.

Watch what else is making news

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.

For all the latest Business News, download Indian Express App

  1. M
    Matban
    Nov 1, 2016 at 2:02 am
    The progressive seditionists (seperatists) are burning schools, pelting stones, crying human rights using enemy's throat, destroying infrastructure, marketing anti national thoughts (under psudo-Islamic hijab) even to certified individuals siting in Kashmir univetrsities funded by tax money of the nation . . . . . . . . . . . and what is the regressive national govt doing, investing in infrastructure repairing the damaged properties by militants and ther separatist brothers, medically treating the children used as shields, running ambulances for students to appear in exams, protecting all kashmiris, irrespective of kashmiris national and anti national sentiments from terr0rists .. . . . . . . .. lt;br/gt;.lt;br/gt;.lt;br/gt;Govt. should think twice before starting repair works; it should weed out the seditionists, build a wall/ smart fence first . . or just leave the place as it is. Let pak help . .let seperatists burn the buildings of the beloved kashmiris who do not have courage to stand for their own welfare as an Indian. . .how come displaced kashmiris consider their nation as India? . . .and how come those roaming in valley scared of speratists? . .lack of courage.
    Reply