Srinagar- Jammu and Kashmir has been allocated Rs 37,277.74 crore in the interim union budget for 2024- 25, which was unveiled by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Thursday.
According to details, Rs 37277. 74 crores have been allocated to J&K for the next fiscal year.
Of this, Rs 35,619.30 crore alone have been kept for bridging resource gap in the Union Territory.
Rs 279 crore have been allocated to the Union Territory Disaster Response Fund. The UT Disaster Response Fund would be utilized to meet the expenditure on account of mitigation of disasters caused due to natural calamities.
Rs 130 crore and Rs 476. 44 crore and Rs 171.23 crore grants have been respectively allocated to equity contribution for 624 MW Kiru, 800 MW Ratle and 540 Kawar hydroelectric power projects.
In the budget, Rs 500 crore have been earmarked for Jhelum-Tawi Flood Recovery Project, whose deadline for completion was recently extended by the World Bank by one more year.
According to documents, Rs 101. 77 crore have been allocated to meet resource gap funding for infrastructure projectsThis was the last budget of the PM Modi led government ahead of the Lok Sabha elections scheduled to be held in April-Mat this year.
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