Srinagar, Nov 13 : The Jammu and Kashmir Cabinet on Friday approved the Urban Asset Mapping and Monetization Policy, 2026 and the J&K Hydropower Policy, 2026, besides clearing several land allotment proposals, including those for setting up fruit mandis at Pattan, Tral and Kulgam.
Sources told the news agency—Kashmir News Observer (KNO) that Cabinet meeting was held in Jammu under the chairmanship of Chief Minister Omar Abdullah.
They said the cabinet approved the Urban Asset Mapping and Monetization Policy, 2026, prepared by the Housing and Urban Development Department. The policy aims at systematic identification, mapping and optimal utilisation of urban assets owned by Urban Local Bodies to generate revenue for civic development.
The Cabinet also cleared the J&K Hydropower Policy-2026, which seeks to promote sustainable energy development and attract private investment for hydropower projects up to 100 MW in IPP/PPP mode.
In another decision, the Cabinet gave its nod for e-auctioning through the Ministry of Mines, Government of India, for grant of an exploration licence for copper and nickel and associated mineralisation in the Sumcham Padder block in Kishtwar district.
The Cabinet also approved the transfer of 32 kanals of Shamilat land at Nadikhai and Poshwari in Hajin area of Bandipora district to the Power Development Department for construction of a Grid Station.
Sources said the Cabinet also approved allotment of land for establishment of fruit mandis at Tral, Pattan and Kulgam—(KNO)
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