KL NEWS NETWORK
An economic package of more than Rs 70000 Crore has been finalised for the state of Jammu and Kashmir by union government led by right wing hindu nationalist BJP.
Chennai based The Hindu Sunday reported that the Union government is finalising a massive “development package” of as much as Rs 70,000 crore. The funds will be spent over the next five years on projects to be identified by the Mufti Mohammad Sayeed government.
Pertinent to mention here, the PM Narendra Modi had announced his development agenda for J&K: Prakash, Paryavaran, Paryatan on August 12, 2014. The PDP-BJP coalition government came into being in J&K March this year.
The package is likely to be announced in the coming week, after PM Modi returns from his Central Asian tour coinciding with Eid-ul-Fitr, will falls on July 18 or 19.
“Modi, along with Finance Minister Arun Jaitley, will visit Jammu on July 17 to attend the centenary celebrations of the State leader Girdhari Lal Dogra and leaders of the ruling Peoples Democratic Party are hopeful that he will visit Srinagar on July-end,” the report said.
The package will be far higher than the one announced by the United Progressive Alliance government in 2004 under the Prime Minister’s Reconstruction Package of Rs 24,000 crore (revised later to Rs 36,265 crore) and is expected to be disbursed along the same lines, it added. “The projects will include a medical institute, affiliated to the All India Institute of Medical Sciences, in Islamabad, an Indian Institute of Technology each in Jammu and in Kashmir, and an Indian Institute of Management in Jammu,” it said.
“The State government put together several proposals, pitching for projects estimated at Rs 1,00,000 crore,” the report informed.
Independent sources informed Kashmir Life said that the expected package is more than Rs 70000 Crore.