Srinagar, Feb 01 : The Union Government today proposed an allocation of Rs 41,000.07 crore for Jammu and Kashmir for the financial year 2025-26.
The financial assistance is comparatively lesser than the previous assistance of Rs 42,277.74 crore.
According to the reports , the Union Finance Ministry has included this allocation in the Union Budget 2025-26. Of the Rs 41,000.07 crore allotted to JK, Rs 40,619.30 crore has been earmarked as central assistance to bridge J&K’s resource gap.
The budget documents read that Rs 279 crore has been proposed as grants towards contributions to the Union Territory Disaster Response Fund, while Rs 101.77 crore has been allocated for resource gap funding related to infrastructure projects. (ANB)
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