However, people affected due to the last year's flood are sceptical of financial aides, alleging that after several announcements nothing has reached them.
The state government headed by Chief Minister Mufti Mohammad Sayeed has expressed hope that the visit of Modi, scheduled on November 7, will give an impetus to the development agenda.
"We hope Prime Minister Narendra Modi's visit to the state will provide the much-needed impetus to the development agenda of the PDP-BJP coalition government," Sayeed said a public meeting here last week.
"Our alliance with BJP was not a knee-jerk reaction ... I have met the Prime Minister (Modi) on quite a few occasions. He has a mission to transform India and he is keen to usher in a new era of development in J&K," he said.
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"The priority of the state government right now is to address the alienation especially among the youth and kick-start a developmental process to not only rebuild the flood-hit public and private infrastructure, but also ensure long-term economic prosperity of the people in all the regions and sub-regions of the state," he said.
However, many flood victims, particularly from Srinagar city, do not have much expectations with the Prime Minister's visit as they feel the help, if any, coming now will be too late.