GoI Releases Rs 1093.34 Cr for Flood Damaged Infrastructure In J&K

KL NEWS NETWORK

SRINAGAR

Flooed Lal Chow – the business hub of Srinagar in 2014. (KL Image: Bilal Bahadur)

Ministry of Finance, government of India, on Monday released the first instalment of Special Assistance of Rs 1093.34 crore for Permanent Restoration of Damaged Infrastructure in State of Jammu & Kashmir (J&K) under the Prime Minister Reconstruction Plan announced by the Prime Minister on 07.11.2015.

A statement issued by PIB this late evening said that Ministry of Finance, released the ‘Special Assistance’ amounting to Rs 1093.34 crore today towards first instalment for repair and permanent restoration of damaged public buildings such as schools, colleges, hospitals, bus stations and other critical public infrastructure in the State of J&K under the Prime Minister Reconstruction Plan announced by the Prime Minister on 07.11.2015.

A total sum of Rs 2,000 crore has been provided for Permanent Restoration of Damaged Infrastructure under PM Reconstruction Plan for J&K.

The Government of India has also given its approval on 27.10.2016 for one time relaxation of Mission for Integrated Development of Horticulture (MIDH) cost norms for restoration of damaged horticulture areas and development of horticulture in State. A total sum of Rs. 500 crore has been provided under this head as part of PM Reconstruction Plan for J&K.

Earlier, as part of the Prime Minister Reconstruction Plan for the State of J&K, Special Assistance of Rs 1194.85 crore was released in 2015-16 towards assistance for completely damaged/severely damaged/partially damaged houses and Rs 800 crore was released on 26.4.2016 for interest subvention on account of assistance for restoration of livelihood for traders/ self-employed / business establishment, etc.

The Prime Minister Reconstruction Plan for the State of J&K was announced by the Prime Minister on 07.11.2015 for Rs 80,068 crore for post flood relief & restoration and long term rehabilitation/ development of the State including support for flood relief, reconstruction, flood management, assistance for small trade & business, development projects under Road and highway, Power, New and Renewable Energy, Health, Human Resource Development, Skill Development, Sports, Agriculture and Food Processing, Tourism, Urban Development, Security and Welfare of displaced people, Pashmina Promotion Project, etc.

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