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Rs 4500 crore compensation for flood hit business, commercial establishments put on hold by GOI

3/30/2015
Nitesh Sangral
Early Times Report 

Jammu, Mar 30: Showing utter indifference towards the business and commercial establishment in the Jammu and Kashmir which suffered losses in devastating floods in September 2014, the Union government has withheld Rs. 4500 crores proposed as compensation for them.

This was informed by the government in the Upper House of state legislature in a written reply to a question of MLA Abid Hussain Ansari who sought details from the state government, regarding steps contemplated by the government for revival of the these business and commercial establishments.

The minister of Relief and Rehabilitation informed that a comprehensive relief and rehabilitation package of the order of rupees forty three thousand nine hundred fifty nine crores and fifty six lacs (Rs.43959.56 cr) has been submitted to Government of India for approval which include Rs.4500.00 crores for the business establishments. "As and when the funds are provided by Government of India for Special Package or announced by Prime Minister, Chief Minister, out of the Prime Ministers Relief Fund / Chief Minister Relief Fund for such business establishment, the payment shall be made to the owners of said establishments, "replied by Minister.

Pertinently, during floods in September 2014, number of business and commercial establishments were damaged along with other government and private structures across the state and the administration had embarked an urgent proposal for compensation so that they could start their business again.

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