The Prime Minister made the announcement at a high- level meeting here in which state Chief Minister Omar Abdullah made a comprehensive presentation.
The "good news is this that a note has already been prepared for grant of Rs 710 crores to the state under PMGSY for land acquisition," Singh said adding the proposal would be receiving Union Cabinet's nod soon.
The Prime Minister assured full support to the state for its holistic and inclusive development.
He said despite financial constraints the union government faces at present, he would use his influence to provide substantial plan to the state for the current fiscal.
However, "when it comes to financing Jammu and Kashmir, we do not count the financial constraints", Singh said.
The Prime Minister emphasized on upgrading the financial discipline saying better financial management would help the state to receive enhanced funds.
He also called for enhancing the agriculture growth saying he would use his office for providing more funds to the state under horticulture mission.
Singh praised the power-point presentation made by Omar in the meeting.
He said the Chief Minister in his presentation has given a complete account of the achievements, problems and needs of the state to realize the ambition of providing better facilities to the people.
Earlier, Omar, explaining the development contours and economic indicators of the state, underlined the need for political resolution of grievances and aspirations of pluralistic and diverse state like Jammu and Kashmir.