Jammu and Kashmir uses 65 per cent of SASCI funds in 2025-26
Chief Minister Omar Abdullah has ordered departments to speed up projects to ensure full fund use by March 2027.
Jammu and Kashmir utilised ₹3,367.64 crore, or approximately 65 per cent, of the ₹5,166.46 crore allocated under the Scheme for Special Assistance to States for Capital Investment (SASCI) during the 2025-26 financial year, according to the Kashmir Observer.
Chief Minister Omar Abdullah issued these details during a high-level review meeting in Srinagar to evaluate the financial and physical progress of various projects. The meeting covered sectors including Power Development, Public Works, Jal Shakti, Housing and Urban Development, and Youth Services and Sports.
The Chief Minister instructed departments to accelerate work under SASCI Part-I to meet the March 2027 deadline for full fund use, which is required to receive the second instalment. He also called for strict adherence to the Public Financial Management System (PFMS) and the timely submission of action plans on BEAMS.
Regarding disaster management, the State Executive Committee has approved ₹1,416 crore for Post-Disaster Needs Assessment, compared to the National Disaster Management Authority's ceiling of ₹1,534.58 crore. A release of ₹424.79 crore has been proposed for immediate use.
Under SASCI Part-II, the region received ₹116 crore, which is 66 per cent of the ₹176 crore loan assistance requested for 10 major schemes. For the 2026-27 financial year, ₹811 crore is available under SASCI Part-I Untied Funds, including ₹270 crore carried forward from the previous year.
The Chief Minister also requested that departments prepare a list of projects without encumbrances by March 2027 to assist with tendering and execution in the 2027-28 financial year.