In a major decision by the J&K Government, the government will soon set-up a separate Finance Commission in J&K for DDCs, BDCs, and Panchayats. The Finance Commission will be an independent body and will take decisions on its own. With the establishment of a separate Finance Commission, the J&K Government believes that the members of DDC, BDC, and penchant will be free to work on the ground level.
The Finance Commission will first receive the funds released by the Central Government and then the Finance commission will directly give these funds to the members of DDC, BDC, and panchayat. Earlier the funds released were diverted for other projects but the Financial Commission will ensure that the fund will be utilized in the project it was released for.
As per the reports the Central Government has given nod for a separate Finance Commission and an announcement can be made in the coming week by the Central Government and the J&K LG.