"Last year, Rs 2,602 crore had been released last year. Other than this, Rs 2,437 crore will be released this year," Jaitley told reporters here.

He said a team of Niti Aayog's Chief Executive Officer and Expenditure Secretary will be visiting Jammu and Kashmir to take stock of its future development needs.

"We will make a larger development plan. The officials will discuss with the state and give their views to the Centre on areas like power, highway, education, tourism and health services. The schemes which we have tentatively announced and some more which may be there, that will be decided later," the Finance Minister added.

Jaitley mentioned there has been a special focus of the Central government on development of Jammu and Kashmir, Leh and Ladakh and Kargil regions.

"There has been a popular government after the election in the state and the Centre will support it so that it completes its development agenda," he cited.

Jaitley added that development is a work in progress. Last year's floods have affected all regions. Rs 770 crore was given at that time under the Prime Minister Relief Fund and Rs 1,602 crore was released under State Disaster Relief Fund and National Disaster Relief Fund.

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