Dr Drabu meets Jaitley; Suggests indicative funding plan for post-flood rehabilitation


NEW DELHI: As a follow up of the meeting of the Chief Minister Mufti Mohammad Sayeed with the Prime Minister Narendra Modi, Finance Minister Dr Haseeb A Drabu met the Union Finance Minister Arun Jaitley, here today.

Drabu discussed with the Union Finance Minister the immediate post-flood financing requirement of J&K and suggested an indicative funding plan which includes financing from multi-lateral institutions like the World Bank and the Asian Development Bank, the State Government, Private Institutions and the Union Government.

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The Union Finance Minister assured full support and called for meeting of all the Union Secretaries including Health & Family Welfare, MHRD, Road Transport & Highways, Railways, Water Resources and Power so as to give shape and commitment to the funding plan.

It may be recalled that the State Government had submitted to the Union Home Ministry a proposal worth Rs. 44,000 crore for rehabilitation of flood victims and restoration of infrastructure, which is pending consideration.