J&K Cabinet Approves Urban Asset Mapping, Monetisation Policy-2026; Clears New Hydropower Policy

Srinagar, November 13: The Jammu and Kashmir Cabinet, chaired by Chief Minister Omar Abdullah, on Friday accorded approval to several key policy decisions and development proposals, including the Urban Asset Mapping and Monetisation Policy-2026 and the J&K Hydropower Policy-2026.

The Cabinet meeting was held in Jammu, during which a series of proposals concerning urban infrastructure, renewable energy, mineral exploration, electricity infrastructure and agricultural marketing facilities were considered and approved.

As per sources, the Cabinet approved the Urban Asset Mapping and Monetisation Policy-2026, prepared by the Housing and Urban Development Department. The policy aims to identify, map and optimise the utilisation of assets owned by Urban Local Bodies across Jammu and Kashmir to generate additional revenue for strengthening civic infrastructure and improving public services.

The policy is expected to provide a structured mechanism for better management of urban properties and resources, enabling Urban Local Bodies to mobilise funds for developmental activities.

Hydropower Policy-2026 Approved

In another significant decision, the Cabinet approved the J&K Hydropower Policy-2026, aimed at promoting sustainable energy development and attracting private investment in the hydropower sector.

The policy envisages encouraging hydropower projects with a capacity of up to 100 MW under the Independent Power Producer (IPP) and Public-Private Partnership (PPP) modes.

The move is aimed at tapping the region’s considerable hydropower potential while encouraging investment and supporting the development of the energy sector.

Copper and Nickel Exploration in Kishtwar

The Cabinet also approved e-auctioning through the Ministry of Mines, Government of India, for granting an exploration licence for copper, nickel and associated mineralisation in the Sumcham Padder block of Kishtwar district.

The decision is expected to facilitate mineral exploration and promote the systematic assessment of mineral resources in the region.

32 Kanals of Land Approved for Grid Station in Bandipora

The Cabinet further approved the transfer of 32 kanals of Shamilat land at Nadikhai and Poshwari in the Hajin area of Bandipora district to the Power Development Department for the construction of a Grid Station.

The proposed infrastructure is expected to strengthen the electricity distribution network and improve power supply infrastructure in the area.

Fruit Mandis to Come Up at Pattan, Tral and Kulgam

In a major decision aimed at strengthening agricultural marketing infrastructure, the Cabinet also cleared land allotment proposals for the establishment of fruit mandis at Pattan, Tral and Kulgam.

The proposed mandis are expected to provide better marketing facilities to fruit growers, improve trade infrastructure and facilitate the transportation and sale of agricultural produce.

The decisions reflect the government’s focus on improving urban resource management, expanding energy infrastructure, encouraging investment and strengthening agricultural marketing facilities across Jammu and Kashmir.(KNC)