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Rs. 7300 Crore Annual Plan for Jammu and Kashmir

Planning Commission of India  today approved  Rs. 7300 Crore Annual Plan for Jammu and Kashmir for the year 2012-13. This surge of 10 percent over the last financial year’s plan came with a piece of advice “to further accelerate the pace of economic development in the State, as there is need for building up of infrastructure like roads, power and tourism coupled with enhancing the provision for basic services such as health, education, drinking water supply etc.”
PCI  approved Rs 700 Crore PMRP (Prime Minister's Reconstruction Programme), besides agreeing to provide additional Central resources of Rs 6384 Crore – Rs 4400 Crore as a Special Central Assistance (SCA) and Rs 1984 Crore as Special Plan Assistance (SPA) to finance the approved Annual Plan.

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