JAMMU, APRIL 24: In a major decision, the state cabinet that met here today under the chairpersonship of Chief Minister Mehbooba Mufti approved grant of financial autonomy to the J&K State Sports Council.
According to the decision, grant of annual grants by the Financial Department and Planning Development and Monitoring Department towards Revenue and Capital expenditure to the J&K State Sports Council will be as Grant-in-Aid with an annual hike upto 10 percent.
The sports council will continue to be provided funds under Centrally Sponsored schemes, PMDP funds as the case may be. The Sports Council will be free to raise its own internal resources and it will constitute a finance committee/ standing council with the approval of President J&K State Sports Council for approval of expenditure plan and expenditure monitoring. The council will put in place a robust accountability mechanism to ensure judicious utilization of resources.