Jammu and Kashmir will have a plan outlay of Rs 6,000 crore for 2010-11.
This was decided at a meeting between State Chief Minister Omar Abdullah and Planning Commission Deputy Chairman Montek Singh Ahluwalia at a meeting here.
“They (Planning Commission) have approved Rs 6,000 crore annual plan and Rs 1,200 crore under PMRP (Prime Minister’s Reconstruction Programme). The onus is on me and my team to deliver development in the light of funds and resources made available to us,” Abdullah told reporters after the meeting here.
The plan outlay for the last fiscal year was Rs.5,500 crore.
While appreciating efforts to develop 690 MW of power generation capacity, Mr. Ahluwalia asked the State government to exploit hydro-electric potential, as “it holds key to state’s economic growth and for generating resources to fund its development schemes.”
Besides wind power, Mr. Ahluwalia said the state needs to promote other non-conventional sources of energy, including solar and bio-mass.
On transmission and distribution losses, Mr. Abdullah said, “This is something we are working on. We are trying to put in place a turnaround plan with the help of power ministry. We are trying to bring it down to acceptable level.”
The State, he pointed out, was losing about Rs 2,000 crore annually because of transmission and distribution losses.
Mr. Abdullah further said the state government would create an investment-friendly environment and maintain fiscal discipline to make the process of development more sustainable.
Mr. Ahluwalia wanted the Jammu and Kashmir government to work out an action plan for rapid development of the state to ensure that the fruits of development reach everyone.
Keywords: Planning Commission