Cabinet Clears Urban Asset Mapping, Hydropower Policies

Srinagar | Nov, 13: The Jammu and Kashmir Cabinet on Friday approved the Urban Asset Mapping and Monetization Policy, 2026, alongside the J&K Hydropower Policy, 2026, during a meeting in Jammu chaired by Chief Minister Omar Abdullah, sources said.
Prepared by the Housing and Urban Development Department, the urban asset policy establishes a framework for systematically identifying, mapping, and optimally utilising assets owned by Urban Local Bodies to generate revenue for civic development.
The Cabinet also cleared the J&K Hydropower Policy-2026 to encourage sustainable energy development and attract private investment for hydropower projects up to 100 MW under IPP and PPP modes, officials said. Additionally, the Cabinet approved e-auctioning through the Union Ministry of Mines to grant an exploration licence for copper, nickel, and associated minerals in Kishtwar’s Sumcham Padder block. Other key approvals included transferring 32 kanals of Shamilat land at Nadikhai and Poshwari in Bandipora’s Hajin area to the Power Development Department for a grid station, and allotting land to establish fruit mandis in Tral, Pattan, and Kulgam.