Panun Kashmir, which is advocating the carving out of a homeland with Union Territory status for Kashmiri Pandits in Kashmir Valley, said it will "wait and watch".
On the other hand, All Party Migrant Coordination Committee (APMCC) chairman Vinod Pandit said, "We welcome the Centre's move on return of the community to the land of their ancestors in Kashmir with full dignity, security and assured livelihood.
The organisations have been fighting for lakhs of people of the community who fled Kashmir Valley in 1990 upon the eruption of the militancy.
"Special efforts will be made to ensure that Kashmiri Pandits return to the land of their ancestors with full dignity, security and assured livelihood," the President said while outlining the agenda of the Narendra Modi government for the next five years.
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There is an urgent need to undertake confidence-building measures before formulation of any plan for their return and rehabilitation, Pandit said.
"Centre should hold talks. They should spell out the broader contours of the plan. Community should know what is happening," Bhat said.