SME Times is powered by   
Search News
Just in:   • Financial inclusion, digital transformation are India’s big success stories: DFS Secretary  • Nitish Kumar elected JD(U) legislative party leader ahead of Bihar govt formation  • Goyal to visit Israel for high-level trade talks, proposed FTA review on agenda  • FM Sitharaman holds key pre-budget consultations with market experts  • Industry must set bold targets and mentor next-gen leaders: Piyush Goyal 
Last updated: 22 Nov, 2021  

Nirmala Sitharaman THMB FM inaugurates development works of around Rs 165 cr

Nirmala Sitharaman
   Top Stories
» Financial inclusion, digital transformation are India’s big success stories: DFS Secretary
» Goyal to visit Israel for high-level trade talks, proposed FTA review on agenda
» Industry must set bold targets and mentor next-gen leaders: Piyush Goyal
» DPDP rules to build trustworthy, future-ready digital environment for India
» Gold, silver prices decline as stronger dollar weighs on demand
SME Times News Bureau | 22 Nov, 2021

Union Minister for Finance Nirmala Sitharaman on Monday inaugurated works pertaining to Health, Education, Urban infrastructure and disaster management (amounting to Rs 130.49 crore) and also laid the foundation stone for Union Territory (UT) Level Emergency Operation Centre and SCADA control building at Budgam, Kashmir (amounting to Rs 34.88 crore) under the Jhelum and Tawi Flood Recovery Project (JTFRP)  during her visit to the UT of Jammu and Kashmir.

The sub-projects are part of the Jhelum and Tawi Flood Recovery Project (JTFRP) which is assisted by a credit of $250 million from the World Bank.

The project was started in Jammu and Kashmir in the aftermath of the devastating floods of September 2014 which severely affected low lying areas of Anantnag, Srinagar and adjoining districts causing immense damage to housing, livelihoods and roads and bridges.

It has been under implementation by Government of J&K as part of the Hon’ble Prime Minister’s Development Package (PMDP) for J&K since its effective date of 19.04.2016. The project aims at both restoring essential services disrupted by the floods and improving the design standard and practices to increase resilience.

The high social impact of JTFRP was felt in the COVID-19 pandemic response by the Government of Jammu and Kashmir, wherein an amount of $50 million was allocated and utilized for the COVID-19 response, by activating the Contingency Emergency Response Component (CERC) under the project.

Medical equipment worth Rs. 290 crore and 30 oxygen generating plants at a total cost of Rs. 75 crore were procured thereby giving a boost to the health infrastructure to cope with the challenges posed by the pandemic.

In a significant step towards the self –reliance of the artisans of Jammu and Kashmir, many artisan clusters were developed under this project with an objective of reviving the traditional crafts and providing gainful employment opportunities to youth.

One major recent achievement of the project has been the enlistment of Srinagar city in the UNESCO world creative cities network. Srinagar became one of the 49 cities worldwide to join the UNESCO Creative Cities Network (UCCN) under the Craft & Folk  Arts category which is a moment of pride for all Indians.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹88.70
₹87
UK Pound
₹119.90
₹116
Euro
₹104.25
₹100.65
Japanese Yen ₹59.20 ₹57.30
As on 30 Oct, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter