JK Allocated Rs 37.28 Crore in 2024-25 Budget for Development and Resource Gap

JK Allocated Rs 37.28 Crore in 2024-25 Budget for Development and Resource Gap

Asif Iqbal | February 1, 2024 | 03:13 PM IST | Jammu Kashmir | Follow on Google News

JK Allocated Rs 37.28 Crore in 2024-25 Budget for Development and Resource Gap.image/KL

JK Allocated Rs 37.28 Crore in 2024-25 Budget for Development and Resource Gap

In the recently revealed interim union budget for the fiscal year 2024-25, Jammu and Kashmir has been assigned a total allocation of Rs 37,277.74 crore. Union Finance Minister Nirmala Sitharaman presented the budget in the Lok Sabha on Thursday, outlining the financial provisions for the upcoming year.

The detailed breakdown of the allocation indicates that a substantial amount, Rs 35,619.30 crore, is specifically earmarked for addressing the resource gap in the Union Territory. This allocation aims to support various developmental and infrastructural initiatives in Jammu and Kashmir.

It is noteworthy that this budget announcement marks the final financial plan under the leadership of Prime Minister Modi’s government before the impending Lok Sabha elections scheduled for April-May this year. The allocation reflects the government’s commitment to addressing the economic needs and developmental requirements of Jammu and Kashmir in the coming fiscal year.

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Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.