Modi has also asked the PMO to monitor the panel set up to look into the rehabilitation work.
According to an India Today report, an expert committee under the Prime Minister's Office (PMO) is being set up to oversee the massive task of rehabilitation and reconstruction in the aftermath of devastating floods that hit the State.
The report said that the Prime Minister who was on State visit told a delegation of PDP, State's Opposition party, led by its General Secretary Mohammad Dillawar Mir about the same.
"The Prime Minister has assured us that an expert committee would be constituted to oversee the rehabilitation and reconstruction work. He also promised special financial package for the affected businesses and horticulture sector," a PDP spokesman was quoted as saying in the report.
During his visit, Modi announced a slew of relief measures, including a special package of Rs 745-crore package, from his relief fund for the flood-affected people of Jammu and Kashmir.
The Prime Minister said while Rs 570 crore would be provided by the Centre for renovation of houses, Rs 175 crore will be given for start of immediate renovation work of six major hospitals across the state. Modi said the grant of money for renovation of the hospitals would also cover immediate procurement of new equipments and machines.
The Prime Minister said that he was "seriously considering" a demand made by people whose houses were damaged by the flood waters if the money for their renovation could be directly sent to their bank accounts.