Centre Allocates Rs 42,277.74 Crore to Jammu and Kashmir in Union Budget 2024-25

Jammu and Kashmir in Union Budget 2024-25

VoM News Desk | July 24, 2024 | 03:09 PM IST | Budget 2024, Jammu Kashmir | Follow on Google News

Centre Allocates Rs 42,277.74 Crore to Jammu and Kashmir in Union Budget 2024-25

Centre Allocates Rs 42,277.74 Crore to Jammu and Kashmir in Union Budget 2024-25

The Centre has allocated Rs 42,277.74 crore to Jammu and Kashmir in the Union Budget for 2024-25, marking a nominal hike of 1.2 percent from the Rs 41,751.44 crore given to the Union Territory in the previous fiscal year.

In the budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Tuesday, an amount of Rs 40,619.3 crore has been allocated as Central Assistance to Union Territories to meet the resource gap in Jammu and Kashmir.

Additionally, the allocation includes a sum of Rs 7,900 crore, sanctioned as an advance from the Contingency Fund of India, which will be recouped to the fund after the Demands for Grants for 2024-25 are passed by Parliament and the connected Appropriation Act is assented to by the President.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.