Giving the breakup of the Rs 80,000 crore package announced by Prime Minister Narendra Modi during his November 7 rally in Srinagar, Sayeed said of this Rs 1,200 crore will be spent on reconstruction of houses damaged in the September 2014 floods, while Rs 800 crore will be utilised for reviving the flood-impacted trade.
Reaffirming his resolve to provide relief to every affected person, he claimed it will be for the first time when people will be provided monetary help for reconstruction "of their damaged houses as well as for restoration of livelihood of traders and small-time businessmen".
The Chief Minister said for a fully-damaged pucca house, an amount of Rs 3.00 lakh will be provided while Rs 1.5 lakh will be provided in case of a fully-damaged kutcha house. The previous Omar Abdullah government had demanded Rs 9 lakh as compensation for each completely damaged pucca house.
Similarly, for a severely-damaged pucca house a financial assistance of Rs one lakh will be extended while for a severely-damaged kutcha house Rs 50,000 will be given, Sayeed added.
About 25 projects will be completed during a period of five years under the package which the state finance minister had earlier termed as TAMIER.
On the issue of West Pakistan refugees, he said, "We will take measures for providing them better facilities as it is human problem."
"Central and state governments have jointly decided to lay the foundation for a 'new Jammu and Kashmir' through aggregative Multi-sector Economic and Infrastructure rebuilding (TAMEIR) Plan 2015-2020, a socio economic development framework for the faster and more inclusive growth of the state," he said.
"This will certainly help in transforming the government into a smart government which will be proactive, transparent and accountable," he added.
He said package has earmarked Rs 33,000 crore for road sector, Rs 900 crore for health sector, Rs 3,900 crore for power sector, Rs 2,000 crore for tourism sector, Rs 2,000 crore for small hydel projects, Rs 450 crore for increase remunerations of SPOs, Rs 500 crore horticulture development and Rs 500 crore for smart cities.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
