Jammu, Apr 3 : The Jammu and Kashmir Finance Department has issued capital expenditure (Capex) ceilings for the financial year 2026–27, setting April 21 as the deadline for uploading approved works on the BEAMS portal.
According to an official spokesperson, the step is aimed at enabling early fund authorisation to ensure timely execution of developmental projects across the Union Territory. Departments will be eligible to receive up to 50 per cent of allocated funds immediately after uploading details in the prescribed B12 format.
All administrative departments and District Development Commissioners (DDCs) have been instructed to finalise and upload their plans within the stipulated timeline. The process must involve consultation with MLAs and other elected representatives to ensure inclusive planning.
The Finance Department has emphasised completion of ongoing projects, directing that at least 70 per cent of the Capex allocation be utilised for existing works, while the remaining funds can be used for new initiatives. Priority has also been given to pending JPKCC projects and those facing funding gaps.
New projects are required to be completed within two years, with an extension of up to three years allowed only in exceptional cases, particularly for large-scale infrastructure works. Ongoing and spillover projects scheduled for completion during 2026–27 will receive first charge on the Capex budget.
The department has clearly instructed that Capex funds must not be diverted towards revenue expenditure. Additionally, all Centrally Sponsored Schemes (CSS) and NABARD-funded projects must reflect both Central and UT shares on the BEAMS portal to maintain financial transparency.
To ensure comprehensive project planning, departments have also been directed to include costs related to land compensation, forest clearances, and utility shifting in their detailed project reports.