State Cabinet approves Rs 44,000 cr package for submission to GoI

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Srinagar: The Cabinet which met here under the chairmanship of Chief Minister Omar Abdullah approved special financial package for submission to Government of India for providing of funds to the tune of Rs 44,000 cr for rehabilitation of the people who suffered due to floods and for restoration of the damaged infrastructure.
It also decided to approach the Union Home Ministry for releasing funds to the tune of Rs 1947.20 cr under NDRF besides requesting the Union Government to declare tax holiday for the J&K State for a period of 10 years to help in the revival of the State’s economy.
The Cabinet also recommended the Union Government for issuing directions to all banks/financial institutions for re-scheduling of loans/granting of moratorium and remission of interest during the moratorium period and providing of fresh loans in favour of flood affected people, besides waiving of loans availed by an individual up to Rs 3 lakh and interest subvention of 5% on the loans already raised after completion of the moratorium period.
The approved proposal under the special financial package includes payment of ex-gratia relief against the loss of private structures to the tune of Rs 9 lakh for fully damaged Pucca house, Rs 6 lakh for fully damaged Kucha House, Rs. 4 Lakh for partially damaged Kucha/Pucca House including boundary walls and Rs. 1 lakh for other structures. The affected families whose houses are fully damaged can also avail housing loan up to Rs. 20 lakh at 4% interest only, as the balance interest to be charged by the banks shall be borne by the Government. The re-payment shall be worked out up to 10 years with a moratorium of two years initially. Moreover, those people whose houses are fully damaged can shift to a hired accommodation nearly for 1 year till they rebuild their houses.
The rent of this 1 year shall be reimbursed to them by the Government.
Wherever the relocation of families is required from areas exposed to risks due to landslides, flash floods etc., the Revenue Department shall identify alternate land for their rehabilitation and provide 10 marlas of land to each family and also provide other support for their re-settlement.
Similarly, for small shopkeepers not registered under VAT, the proposal includes loan facility upto Rs. 5 lakh to be provided at 2% interest per annum only. Such loan shall be without any collateral security. In respect of registered dealers with the sales tax authority, loan upto Rs. 20 lakh at 4% and loan upto Rs. 50 lakh at 6% per annum interest has been proposed.
The proposal includes financial support and concessions for business community, agriculture and horticulture sector, transport sector, tourism sector, industrial sector, artisans, and other sectors. The proposal also includes compensating the affected people for the loss of land due to flash floods and landslides at the rate of 50% of the value of the land in that area, as notified for stamp duty by the respective District Valuation Committees, headed by the concerned Deputy Commissioners, in the agriculture sector besides all types of loans, raised by farmers including KCC loans, ODs etc and in the industrial sector, the concessions sought extend to all who have raised loans, including through Artisan Credit Cards, SKEWPY etc.
It may be noted that the floods in September caused havoc across many districts of the State in which over 15 lakh families spread over 5794 villages were affected. As per the initial assessment received, around 344607 structures have suffered damages, 90 thousand cattle/sheep perished, crop loss reported in 6.52 lakh hectares of land besides huge loss to the public/private infrastructure.
The Cabinet approved the proposal for supplying of timber to the flood affected people on concessional rates besides waiver in the sales tax levied at 13.5% against the timber to be supplied to them.
The Cabinet approved supply of 100 cft and upto 50 cft of timber depending on the extent of damaged suffered for each fully and partially damaged house respectively as assessed by the concerned revenue authority.
Chief Secretary Briefs Cabinet:
Chief Secretary Muhammad Iqbal Khandey Friday briefed the Cabinet about the meetings taken by the Chief Minister twice a day since 7th September for reviewing the rescue, relief and rehabilitation operations in the State in the wake of the unprecedented floods that struck the State. He said that 56 such meetings were held till the 5th of October, 2014, and, as a consequence, Rs. 629.00 crores were released to the Divisional Commissioners of Jammu and Kashmir for relief and allied operations. The Cabinet placed on record its deep appreciation of the untiring efforts of the Chief Minister in this regard.
Revenue Department To Determine Limits Of New Administration Units:
The Cabinet Friday authorized the Revenue Department to issue the necessary notification as required under Section-5 of the Jammu and Kashmir Land Revenue Act, with regard to the determination of geographical / territorial limits of the new and the adjoining existing administrative units as per the details along with amendments / modifications. The Minister in-charge Revenue, Relief and Rehabilitation was authorized to order changes in the geographical boundaries and headquarters of the new administrative units, wherever necessary.
It also advised the Rural Development Department to complete the necessary exercise and place the case before the Cabinet in its next meeting for consideration. The Minister in-charge Rural Development was authorized to order changes in the geographical boundaries and headquarters of the new administrative units, wherever necessary.
In a separate decision the Cabinet directed the Revenue, Relief and Rehabilitation department to submit a comprehensive proposal to the cabinet for providing 5 marlas of land per family in relatively safer zones, adjacent to the present villages, to the people affected due to cross border and cross LoC firing in the state.
Pediatric Hospital At Dewan Bagh:
The Cabinet approved the construction of pediatric hospital at Dewan Bagh, Srinagar. The Health and Medical education department was directed to have the project executed by JKPCC.
Srinagar Master Plan Approved:
The Cabinet also gave nod to the extension of the Srinagar Master Plan limits from present 416.25 sq km to 757 sq km by including local areas comprising 163 settlements as local areas of Srinagar Development Authority which shall be the integral part of revised Srinagar Master Plan 2012-32.
(GKNN)

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