A sum of Rs 7,000 crore has been earmarked for undertaking long-term measures to minimise impact of future floods, said the statement.
The financial assistance would include Rs 5,000 to every family affected by floods. The state government has relaxed the previous condition of houses being underwater for 48 hours to qualify for compensation, it said.
Similarly, totally damaged houses will get financial assistance Rs 1,50,000 per home, while houses with minimum damage of 50 per cent will get Rs 50,000, the statement said.
Partially damaged houses will get Rs 25,000 per home, the statement said.