The Army is keeping a close watch on the situation and 20 columns with rescue boats and other equipment have been kept on alert.
An official spokesperson said the Army was assisting the civil administration in flood control measures in Baramulla since yesterday and a relief operation is under progress in South Kashmir to rescue people trapped in collapsed houses.
Army engineers are also undertaking strengthening of identified weak spots on the bunds of Jhelum river near Sonwar in Srinagar.
Union Home Minister Rajnath Singh discussed the situation in the state with Mr Sayeed and assured him of full Central assistance to tackle any eventuality.
A meeting of the National Crisis Management Committee (NCMC) was held here today under the chairmanship of Cabinet Secretary, Ajit Seth to take stock of the situation and to review the arrangements made or required to be made to deal with it.
The meeting was attended by the Secretaries and other senior officers of the relevant departments of the Government of India. The Chief Secretary of Jammu & Kashmir and other officers of the State Government participated through video conferencing.
The Chief Secretary gave an account of the ground situation indicating that the Jhelum is flowing above the danger mark at certain places and as a result, flood alert has been issued by the State Government.
He said the State Government was geared up to deal with the situation and all steps had been taken to safeguard life and property from the flood waters. They have adequate sand bags and river bank reinforcement material. As a precautionary measure adequate quantities of rice, potable water and medical supplies are being stocked at various locations. There is no shortage of various types of fuel as there is a minimum stock level of all varieties of fuel for 10 days.
The National Highway 1-A between Jammu and Srinagar, which is blocked due to landslides, is likely to be cleared for vehicular traffic later today.
Mr Seth reviewed the preparatory arrangements made to handle the flood situation and issued necessary directions to all departments of the Government of India to provide all possible assistance to tide over the crisis.