To steer the people of Jammu and Kashmir out of the morass of mis-governance and discrimination, faced by them during fast more than several decades, the UT administration under the guidance of Centre Government led by Prime Minister Narendra Modi initiated a significant development spree across J&K. It is only due to the dedicated efforts and strenuous approach of the present Government coupled with the proactive working approach of UT administration that the ongoing spree of development works is gaining momentum with every passing day thereby delivering expected results on ground level which can be observed even by a common man. As the Centre Government has always accorded a prioritized treatment to the newly created Union Territory, not only several major projects were launched but availability of ample funds was also ensured so that the ongoing works may not face any type of obstruction or disturbance at any level. Keeping the welfare of people on top priority, besides launching several new significant infrastructure projects, equal stress was also accorded to various languishing projects which were hanging in vacuum due to one reason or another by taking every possible step to remove the bottlenecks acting as hurdles in the successful completion of the same. Jammu and Kashmir Infrastructure Development Finance Corporation (JKIDFC), which has been bestowed with the responsibility of carrying out several significant projects by the Government, was suffering from acute shortage of funds thereby hampering the development works going on in various parts of UT. The issue was taken up several times with the concerned authorities as dearth of adequate funds would not only hamper the progress of works but can also result in inordinate cost escalations thereby putting extra burden on the UT exchequer. In a latest development, it has been informed that JKIFDC has inked an agreement with the Overseas Bank for raising a huge loan of Rs 1,000 crore, which will end the ongoing financial implications. It is hoped that this significant development will not only result in ensuring timely completion of several projects across J&K but will also provide a new lease of life to JKIFDC.