GoI Felicitates J-K Finance Dept, For Infrastructure Development

The Department of Finance was felicitated by the Government of India (GoI) for its contribution in the development of core infrastructure across the length and breadth of Jammu and Kashmir, according to an official spokesperson.

Minister for Housing and Urban Affairs Hardeep Singh Puri felicitated the J&K Finance department for its contribution in development of infrastructure projects in J&K. The Jammu & Kashmir Infrastructure Development Finance Corporation (JKIDFC) was especially recognized for its significant contribution in the development of core infrastructure across the length and breadth of J&K, official spokesman said.

Last year, the Finance department funded infrastructure projects and more than 50,000 projects have been completed, while the JKIDFC has completed 1,300 projects in a span of just two years, he said. Director General, Budget, M Y Itoo along with Joint Director, Budget and General Manager, JKIDFC, Shafat Yehya received the award of honour from the minister representing their department. The JKIDFC has over the last two years funded 2,357 projects which cost Rs 2,270.079 crore and has raised loan of Rs 2,500 crore to complete all the projects, they said.

(PTI)