New Delhi, Oct 10: The National Investigation Agency’s crackdown on the flow of funds to Kashmir from neighbouring Pakistan has a dealt a lethal blow to the activities of terrorist and separatist groups in the region, said Union Home Minister Rajnath Singh on Tuesday.

“The morale of such elements (terrorists and separatists) has been damaged due to the crackdown by the NIA,” Rajnath claimed, adding that the Indian security forces took advantage of the fund crunch among the insurgents, launching a rigorous operation to eliminate them.

The process to sanitise the Kashmir Valley of terror elements has been catalysed, the Home Minister said, adding, “Everyday, the forces are successful in killing 5-6 terrorists.”

The NIA, over the past two months, arrested ten influential separatist leaders and businessmen from the Valley, for their alleged role in the procurement of funds from Pakistan. Among those arrested include Altaf Shah alias Fantoosh, the son-in-law of supreme Hurriyat leader Syed Ali Shah Geelani.

Rajnath also credited the NIA for curbing the menace of counterfeit currency in the Valley. Without naming Pakistan, the Home Minister said the “neighbouring nation” used to pump fake currency into the state to maintain disturbance. “This fake currency contributes to the rise of terrorism and high quality fake currency notes act as oxygen for terrorism,” he added.

Rajnath inaugurated the NIA headquarters here in the national capital. Ahead of his address, the agency chief Sharad Kumar said a total of 166 cases from 26 states and union territories were assigned to the NIA over the past 8 years – since its inception after the 2008 Mumbai terror attacks.

The maximum number of cases, 63, pertained to “jihadi terrorism”, followed by 41 cases of terror financing, 25 of insurgency in the Northeastern states, and 13 incidents of Left-wing extremism, Kumar said.