Jammu: The Jammu and Kashmir Cabinet on Friday approved the Urban Asset Mapping and Monetisation Policy, 2026 and the J&K Hydropower Policy, 2026, besides clearing several proposals related to land allotment, power infrastructure and mineral exploration.
Chief Minister Omar Abdullah chaired the meeting of the Council of Ministers in Jammu. Deputy Chief Minister Surinder Choudhary, ministers Ali Mohammad Sagar, Sakeena Itoo, Javed Ahmad Rana, Javid Ahmad Dar, Mir Saifullah, Shamim Firdous and Altaf Ahmad Wani attended the meeting, along with Acting Chief Secretary Shailendra Kumar.
The Cabinet approved the Urban Asset Mapping and Monetisation Policy, 2026, prepared by the Housing and Urban Development Department. The policy aims at systematic identification and mapping of urban assets owned by Urban Local Bodies and their optimal utilisation to generate revenue for civic development.
It also cleared the J&K Hydropower Policy, 2026, which seeks to promote sustainable energy development and attract private investment in hydropower projects of up to 100 MW under the Independent Power Producer (IPP) and Public-Private Partnership (PPP) modes.
In another significant decision, the Cabinet approved e-auctioning through the Ministry of Mines, Government of India, for grant of an exploration licence for copper, nickel and associated mineralisation in the Sumcham Padder block of Kishtwar district.
The Cabinet also 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 construction of a grid station.
Besides, it cleared land allotment proposals for the establishment of fruit mandis at Pattan, Tral and Kulgam.
The meeting also deliberated on key proposals aimed at strengthening public welfare, accelerating equitable development and advancing transparent, responsive and effective governance across Jammu and Kashmir.
