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PM Modi’s Independence Day gift for Jammu and Kashmir residents: Rs 1 lakh-crore financial aid

BI India BureauAug 11, 2015, 13:14 IST

If everything goes as planned, Prime Minister Narendra Modi is going to announce Rs 1 lakh-crore financial package for Jammu & Kashmir on Independence Day.

As per reports, the blueprint of the same is prepared and awaits a nod from the PM himself.

The state government had expected the package to be announced around Eid last month.

A person close to the matter told Economic Times that Union expenditure secretary Rattan P Wattal is in touch with the senior functionaries of the state government including the finance minister.

J&K finance minister Haseeb Drabu had earlier said that at least 12 meetings in Delhi were held to finalise the package.

As per reports, Drabu had met Union Finance Minister Arun Jaitley and senior bureaucrats in the Prime Minister's Office.

Jammu and Kashmir expects the package to include a substantial component for the 2014 flood victims who are yet to receive any compensation.

(Image: Reuters)