JK has to arrange Rs 3000 crore to implement PM package: Report

While the J&K Government is boasting of getting Rs 80000 crore package from the Government of India for infrastructure development in the State, it has to contribute around Rs 3000 crore from its own resources to fund implementation of the package, an official report has revealed.
JK has to arrange Rs 3000 crore to implement PM package: Report
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While the J&K Government is boasting of getting Rs 80000 crore package from the Government of India for infrastructure development in the State, it has to contribute around Rs 3000 crore from its own resources to fund implementation of the package, an official report has revealed.

The Economic Survey Report, tabled in the Legislative Assembly earlier this week, lays bare that the State Government has to arrange a  share of Rs 3000 crore for implementation  of  the Centrally Sponsored Schemes (CSS) included in the PM package.

"For implementation of the package of Rs 80000 crore, the State Government has to arrange a state share of about Rs 3000 crore for implementing the CSS part," reads the report. "Centrally sponsored schemes included in the package are funded on varying financial pattern viz. 70:30, 80:20, 90:10 and 100 %."

The disclosure has also taken lid off the 'secret' that some centrally-sponsored schemes, which otherwise were due for J&K, were included in the package to "arrive at an impressive figure" of Rs 80000 crore, official sources told Greater Kashmir on Saturday.

According to the report, some mega projects in the power and flood control sectors would be implemented by the Central Public Sector Enterprises (CPSEs) due to "incapacity "of the State Government.

"Due to lack of capacities, some mega projects like power transmission and distribution projects are being executed by Central PSEs. Similarly, dredging of Jhelum is assigned to the Dredging Corporation of India," the report reads.

An official told Greater Kashmir that apart from central sector projects, some schemes (included in the package) in which State Government would  contribute its share would also be executed by the Central Government. 

On November 7, 2015, Prime Minister Narendra Modi had unveiled Rs 80000 crore package for J&K's infrastructure development and relief and rehabilitation of flood victims, Kashmiri Pandits and refugees.

Post-announcement of the package, some quarters had criticized it, saying "it is an amalgamation of old announcements and existing schemes."

On the other hand, the PDP-BJP Government had welcomed announcement of the package, saying "it will not only rejuvenate the flood-hit state economy but create huge job opportunities as well."

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