"I believe it would be better if the financial relief to people whose homes have been damaged is directly given to them through bank accounts.
"The nation stands shoulder to shoulder with the people of Jammu and Kashmir. Everything will be done to rebuild the damaged homes and livelihood of the affected people."
Modi Thursday announced Rs.745 crore for rebuilding of damaged homes and hospitals.
He said the loss memo of Rs.44,000 crore submitted to the Centre by the state government was being examined, and announced an immediate relief of Rs.570 crore for rebuilding of damaged homes and Rs.175 crore for similarly affected hospitals in the state.