Jammu And Kashmir Will get Rs 35,581.44 Crore

The Union Budget 2023-24 on Wednesday allotted Rs 35,581.44 crore to Jammu and Kashmir, the vast majority of it being central help for the union territory.

Other union territories—Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli and Daman and Diu, Ladakh, Lakshadweep, Puducherry and Delhi—too acquired their share.

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According to the Budget papers, Rs 35,581.44 crore has been allotted to Jammu and Kashmir, of which Rs 33,923 crore is central help.

This allocation is considerably decrease than the present fiscal’s revised estimate of Rs 44,538.13 crore

The central help given to the union territory is to fulfill the useful resource hole and a particular fiscal assist of Rs 9,486.13 crore.

The Jammu and Kashmir administration should spend the quantity for mitigation of pure disasters, to fulfill the expenditure incurred on account of everlasting restoration of infrastructure which was broken because of the 2014 floods, rehabilitation, preservation and restoration of Dal-Nageen lake in Srinagar.

The funds may even be spent as fairness contribution for 624 MW Kiru hydroelectric undertaking, 800 MW Ratle hydroelectric undertaking and 540 MW Kwar hydroelectric undertaking, Jhelum Tavi flood restoration undertaking and to fulfill the useful resource hole funding for infrastructure initiatives in Jammu and Kashmir.

The Budget allotted Rs 5,987.14 crore to Andaman and Nicobar Islands as towards Rs 5,508.05 crore allotted in 2022-23. Rs 5436.10 crore has been allotted to Chandigarh as towards Rs 5,131.12 crore within the present fiscal.

The Budget allotted Rs 2,475.00 to Dadra and Nagar Haveli and Daman and Diu, Rs 5,958 crore to Ladakh, Rs 1,394.75 crore to Lakshadweep, Rs 1,168.01 crore to Delhi and Rs 3,117.77 crore to Puducherry.