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Rs 897 cr action plan approved for Srinagar in FY`12

The Jammu and Kashmir government has approved an Action Plan of Rs 897 crore for Srinagar, the summer capital of the state, for the 2011-12 fiscal.

Updated: Mar 09, 2011, 13:30 PM IST

Srinagar: The Jammu and Kashmir government
has approved an Action Plan of Rs 897 crore for Srinagar, the
summer capital of the state, for the 2011-12 fiscal.

The Action Plan for Srinagar was approved at a District
Level Review Committee (DLRC) meeting chaired by District
Development Commissioner Meraj Ahmad Kakroo here yesterday, an
official spokesman said.

The action plan includes Rs 22.58 crore for agriculture
and allied sectors, Rs 205.10 crore for small enterprises, Rs
20.00 crore for micro credit institutions, Rs 17.50 crore for
education and Rs 112.00 crore for housing, the spokesman said.

He said Rs 520.00 crore has been allocated for the
non-priority sector. An amount of Rs 62.05 crore has been
earmarked to accommodate unemployed and educated youths of the
district.

While reviewing last year`s action plan, the meeting was
informed that an amount of Rs 349.15 crore was disbursed by
financial institutions for the establishment of 15,747 units
in the priority sector, against a target of Rs 288.10 crore.

Kakroo emphasised on the need for sponsoring agencies and
banks to expand their reach to the lower strata of the society
by speeding up the process of credit flow and making loan
sanction procedures simple and hassle-free.

PTI