Directs Deptts to ensure timely completion, full utilisation of funds
Jammu Tawi, Nov 10: Chief Minister Omar Abdullah today chaired a high-level meeting to review the progress of projects under the Scheme for Special Assistance to States for Capital Investment (SASCI), directing departments to accelerate execution, ensure financial discipline and achieve expenditure targets within stipulated deadlines.
The Chief Minister reviewed the physical and financial progress of projects undertaken during FY 2025-26, fund availability for 2026-27 and preparations for 2027-28 across key sectors, including Public Works, Jal Shakti, Power Development, Housing and Urban Development, and Youth Services and Sports.
He directed departments to expedite SASCI Part-I works and ensure full utilisation of approved funds by March 2027 to qualify for the second instalment. Special emphasis was laid on disaster management, restoration of damaged infrastructure and strengthening disaster resilience.
Stressing transparency and accountability, Omar Abdullah directed strict compliance with Public Financial Management System (PFMS) requirements, timely submission of action plans on BEAMS and closure of Single Nodal Agency bank accounts relating to Centrally Sponsored Schemes.
He also instructed departments to prepare comprehensive sector-wise damage assessment reports ahead of the Inter-Ministerial Central Team’s visit and identify encumbrance-free projects by March 2027 for timely execution during the next financial year.
The meeting was informed that against an allocation of ₹5,166.46 crore during FY 2025-26, expenditure of ₹3,367.64 crore had been incurred.
For FY 2026-27, ₹811 crore is available under SASCI Part-I, with departments assigned an expenditure target of ₹608 crore. Under Part-II, J&K has received ₹116 crore against ₹176 crore sought for Centrally Sponsored Schemes.
The meeting also reviewed incentive-based funding opportunities worth ₹2,890.51 crore and progress under agricultural digitisation, mining reforms, livestock development and financial management initiatives.
The Chief Minister emphasised that SASCI must serve as a strategic instrument for accelerating capital investment, strengthening public infrastructure and improving governance outcomes across Jammu and Kashmir.
Deputy Chief Minister Surinder Kumar Choudhary, Cabinet Ministers, Acting Chief Secretary Shailendra Kumar and senior officers attended the meeting.