First installment of Rs 80,000 crore to be released in 10 days

Jammu, December 21: If highly placed sources inside J&K ministry are to be believed, the first installment of Prime Minister’s financial package of Rs 80,000 crore to the state is to be released by December end.

The installment will be worth 1,200 crore rupees and the Union Finance Ministry is going to release funds before December 31. The remaining installment will also be released in a quick series after the money is disbursed among the flood victims, as promised by the Prime Minister.

Pertinently, the developmental package was released for all the three regions of the state at a mega rally in Srinagar on November 7. It covers primarily the flood victims, infrastructure development and connectivity. “It’s a beginning and more will follow,” the Prime Minister had said during the rally.

The sources further said that Prime Minister has announced the package only after discussing and planning every aspect and release of the money will be made only after working out even the minutest detail.

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