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J&K to construct classrooms, dispensaries with NABARD assistance
Abu Sheikh | 07 Apr 2008

Jammu and Kashmir government will construct 4000 additional classrooms for accommodation deficient about 1000 newly up-graded high and higher secondary schools. Currently, there are projects worth Rs 524 crore pending with NABARD for loan.

 

 

J&K to construct classrooms, dispensaries with NABARD assistance

 

 

Mineguruji

 

 

JAMMU AND Kashmir government will construct 4000 additional classrooms for accommodation deficient about 1000 newly up-graded high and higher secondary schools throughout Jammu & Kashmir. The National Bank for Agriculture and Rural Development (NABARD) will provide a loan of Rs 100 crore for undertaking this construction activity to be completed in four months.

 

Another, Rs 200 crore would be made available by NABARD for construction of buildings for 100 primary health centres and 200 allopathic and ayurvedic dispensary buildings this year across the state.

 

 Currently, there are projects worth Rs 524 crore pending with NABARD for loan; while another 678 projects costing Rs 1062 crore would be forwarded to it soon. It was decided that the state government would send education and health sectors related projects to NABARD by April 20, besides prioritising other projects pending with the country's premier financial institution for clearance in its board meeting scheduled for April 25.

 

The urgency of taking up these social sector related development activities was highlighted at a high level meeting the chief minister Ghulam Nabi Azad had here today with the Union Minister of state for finance, Pawan Kumar Bansal and Chairman, NABARD, U. C. Sarangi.

 

On the insistence of the chief minister, the NABARD agreed to enhance normative loan allocation to Jammu and Kashmir for the current fiscal from Rs 606 crores to Rs 900 crores.

 

The chief minister asked education and health officials to prepare and send projects to NABARD before decided timeline, so that these are cleared by the bank in board meeting later this month. He said there was urgent need to prioritise building of infrastructure in important social sectors to extend and up-grad facilities in all parts of Jammu and Kashmir as the basic services were still lacking in many areas of the state.

 

The chief minister said that keeping the limited working season in the state in view, there was need for early sanction of projects by the financial institutions to ensure time bound completion. He said the election process in the state scheduled to start later this year would also slow down execution of development projects. He said the decision to advance the budget session by two months was also governed by the need to make funds available in time given the limited working season.

 

Union minister of state for finance, PK Bansal assured the chief minister that NABARD would clear the proposals already submitted by the state government by this month. He said, other proposals to be received from the state government would be cleared in June this year. He said 30 per cent of mobilisation amount was given to Jammu and Kashmir for speedy execution of schemes.