Share your story and shine at JK Monitor!š Welcome to JK Monitor, where every story matters and every achievement is celebrated! We invite you to share the remarkable journey of your life and showcase your accomplishments to the world. Join our exclusive interviews that honor exceptional individuals just like you. SRINAGAR: A meeting of the High Powered Committee (HPC) of NABARD was held here today under the chairmanship of Chief Secretary, Atal Dulloo, to review the progress and achievements made under the previous Rural Infrastructure Development Fund (RIDF) programmes and to accord approval for new projects to be taken up under RIDF XXXI (2025-26) across J&K.
The meeting was attended by Additional Chief Secretary, Public Works (R&B); Principal Secretary, Finance; Secretary, Health & Medical Education; Development Commissioner (Works); Director General, Resources; Chief General Manager, NABARD; and senior officers from Jal Shakti, Agriculture Production, Horticulture, Animal & Sheep Husbandry and other concerned departments.
At the outset, the Chief Secretary took department-wise appraisal of the progress made in the ongoing RIDF projects and emphasized the importance of timely completion of works sanctioned under RIDF XXVI and XXVII, whose timelines have reached their final phase.
He impressed upon all executing agencies to focus on project completion within stipulated deadlines, underscoring that projects nearing completion should receive top priority. He directed departments to secure the remaining tranches of funds from NABARD expeditiously to ensure successful culmination of the ongoing RIDF programmes.
The Chief Secretary further advised departments to propose only feasible projects that can be completed within the given timeframe of the respective RIDF tenure. He cautioned that delays and carryover liabilities not only affect project delivery but also put additional burden on the normal Capex budget of departments. He also suggested that departments like PWD and Jal Shakti should consider taking up time-intensive projects under other funding programmes, while utilizing NABARD allocations exclusively for projects that can be executed and completed within the set period of the RIDF.
During the meeting, Principal Secretary, Finance, Santosh D. Vaidya, informed that the overall expenditure under RIDF has shown a significant upward trend this year, accompanied by a higher number of completed projects compared to previous years. He emphasized the need to enhance efficiency in expenditure to maximize developmental outcomes, noting that each department has scope for further improvement in this regard.
Presenting a detailed overview, DG Resources, M.Y. Itoo, informed the Committee that from RIDF XXVI to XXX, a total of 1,426 projects worth ā¹7,000 crore have been sanctioned, with an overall expenditure of about 36% achieved so far. These includes PWD: 1,145 projects worth ā¹5,249 crore, Jal Shakti Department: 90 projects worth ā¹740 crore, Agriculture: 104 projects worth ā¹517 crore, Horticulture: 22 projects worth ā¹145 crore, Animal & Sheep Husbandry: 45 projects worth ā¹203 crore, Health Department: 20 projects worth ā¹127 crore
It was informed that the expenditure target for 2025-26 has been fixed at ā¹1,304 crore, aimed at completing all pending projects within their deadlines while maintaining the desired pace of progress in ongoing and newly sanctioned works.
The Chief Secretary also emphasized the importance of timely submission of Project Completion Certificates (PCCs) and Project Completion Reports (PCRs) for completed projects to facilitate the release of additional funds from NABARD and to pave the way for new project approvals.
Regarding the upcoming RIDF XXXI (2025-26) programme, the meeting was apprised that NABARD has made a normative allocation of ā¹600 crore for Jammu and Kashmir. The sectoral allocation under this tranche includesPWD: ā¹330 crore, Jal Shakti Department: ā¹149 crore, Health & Medical Education: ā¹9 crore, Horticulture: ā¹14 crore, Animal & Sheep Husbandry: ā¹47 crore, Agriculture: ā¹50 crore
Under RIDF XXXI, around 201 new projects are proposed to be taken up for execution across various sectors in the Union Territory during 2025-26. The Chief Secretary concluded the meeting by reiterating that adherence to timelines, optimal fund utilization, and quality execution must remain the hallmark of all NABARD-funded projects to ensure maximum developmental impact at the grassroots level.