{"id":83494,"date":"2024-11-15T23:34:25","date_gmt":"2024-11-15T18:04:25","guid":{"rendered":"https:\/\/www.khushalekashmir.com\/?p=83494"},"modified":"2024-11-15T23:34:25","modified_gmt":"2024-11-15T18:04:25","slug":"cm-omar-abdullah-meets-finance-minister-sitharaman-to-conclude-delhi-visit","status":"publish","type":"post","link":"https:\/\/www.khushalekashmir.com\/index.php\/2024\/11\/15\/cm-omar-abdullah-meets-finance-minister-sitharaman-to-conclude-delhi-visit\/","title":{"rendered":"CM Omar Abdullah meets Finance Minister Sitharaman to conclude Delhi visit"},"content":{"rendered":"

Seeks support for additional central assistance and multi-lateral funding<\/strong>
\nNEW DELHI, NOVEMBER 15: Chief Minister of Jammu and Kashmir, Omar Abdullah, today met Union Minister of Finance and Corporate Affairs Nirmala Sitharaman in New Delhi to discuss key financial matters concerning Jammu and Kashmir.
\nTaking to microblogging site X, Nirmala Sitharaman\u2019s office shared: \u201cShri Omar Abdullah (@OmarAbdullah), Hon’ble Chief Minister of Jammu & Kashmir, calls on Smt @nsitharaman.\u201d Chief Minister Omar Abdullah shared on Instagram- \u201cCalled on Union Minister of Finance and Corporate Affairs, smt.@nsitharaman ji. Our discussion centred around crucial economic matters concerning Jammu and Kashmir. I passionately advocated for much-needed support from the Union Finance Ministry for the region.\u201d
\nChief Minister Omar Abdullah expressed optimism that collaborative efforts with the central government would enhance financial stability and promote sustainable development in Jammu and Kashmir.
\nChief Minister sought support of the Union Finance Minister to avail the multi-lateral funding for development of new Tourism destinations in Jammu & Kashmir, aimed to decongest the existing locations and to create well-planned and world-class infrastructure at these new identified locations.
\nCM thanked Ministry of Finance for approving the Competitiveness Improvement of Agriculture & Allied Sectors Project (JKCIP) for Jammu & Kashmir to rejuvenate agriculture sector which entails financing of 100 million USD through International Fund for Agriculture Development (IFAD) over the next 7 years.
\nIn this regard CM requested Ministry of Finance to treat J&K at par with North Eastern States for availing incentives in respect of Externally Aided Project (EAP) loans and making J&K eligible for special lending arrangement under the EAP loans.
\nHe requested the Finance Minister to consider Jammu & Kashmir for funding through the \u201cSpecial Assistance to States for Capital Investment\u201d scheme under which 50-year interest free loan would be provided to states for capital expenditure.
\nCM also informed the Finance Minister about the difficult fiscal situation being faced by J&K and requested the Ministry to provide additional central assistance of Rs 6000 crore to bridge the resource gap in the UT budget for FY 2024-25. Over the past few days, Chief Minister Omar Abdullah has held several important meetings with senior leaders and officials of the Government of India to address critical issues affecting Jammu and Kashmir.
\nChief Minister during his current visit called on President of India Droupadi Murmu, Vice-President Jagdeep Dhankar and attended Power Ministers\u2019 conference chaired by Union Minister of Power to discuss J&K\u2019s priorities and challenges in the power sector.
\nThese recent dialogues, culminating in today\u2019s meeting with the Finance Minister, reinforces the commitment to advancing the welfare and development of the people of Jammu and Kashmir.
\nDuring his stay in New Delhi, Chief Minister Omar Abdullah also held a series of meetings at his official residence with Government of India officials and industry leaders to explore opportunities for collaboration and development. Among those he met were Arjun Dhawan, Executive Vice Chairman of Hindustan Construction Company Limited, who discussed infrastructure development projects in Jammu and Kashmir; Abhijit Basu, Founder and CEO of Smartex Cognitive Pvt Ltd, XCED, APAC, CEDMA, California, USA, who shared innovative solutions in technology and smart governance; and Avinash Pawar, DM of Small Scale Industries Corporation Ltd. (NSIC) under the Ministry of Micro, Small, and Medium Enterprises (GoI).
\nThe Chief Minister also met Aaley Mohammad Iqbal, Deputy Mayor of Delhi Municipal Corporation, to discuss pressing issues regarding the urban areas and identified common areas for collaboration.<\/p>\n","protected":false},"excerpt":{"rendered":"

Seeks support for additional central assistance and multi-lateral funding NEW DELHI, NOVEMBER 15: Chief Minister of Jammu and Kashmir, Omar Abdullah, today met Union Minister of Finance and Corporate Affairs Nirmala Sitharaman in New Delhi to discuss key financial matters concerning Jammu and Kashmir. Taking to microblogging site X, Nirmala Sitharaman’s office shared: “Shri Omar […]<\/p>\n","protected":false},"author":2,"featured_media":83495,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-83494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"_links":{"self":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/83494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/comments?post=83494"}],"version-history":[{"count":1,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/83494\/revisions"}],"predecessor-version":[{"id":83496,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/83494\/revisions\/83496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media\/83495"}],"wp:attachment":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media?parent=83494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/categories?post=83494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/tags?post=83494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}