Kaashmir: Sitharaman unveils Rs 1,18,500 crore budget for J&K – key features here

IOK - Indian Occupied Kashmir Jammu & Kashmir

Srinagar, Mar 13: Union Finance Minister Nirmala Sitharaman on Monday unveiled Rs 1,18,500 crore budget for Jammu & Kashmir for the next financial year, with a special focus on employment generation, women empowerment and social inclusion, officials said.

As per documents presented in the Parliament, the total budget estimates for the fiscal is Rs. 1,18,500 crore, of which developmental expenditure is of the order of Rs. 41,491 crore.

“The capital component of the budget has increased substantially. The expected revenue receipts are Rs 1,06,061 crore whereas Revenue expenditure is expected to be Rs 77,009 crore, thereby making available revenue surplus for capital expenditure to the tune of Rs 29,052 crore,” reads the budget document.

A senior official in the J&K administration said the focus of the budget is good governance, strengthening grassroots democracy, promoting sustainable agriculture, facilitating investment and growth, employment generation, accelerated development & inclusive growth, women empowerment and social inclusion.

“Launch of HIMAYAT 2.0 with renewed focus on employment oriented trades for training and convergence of skill related infrastructure across the Departments like Skill Development, Mission Youth, Industries & Commerce, School Education, Agriculture etc.,” he said, is a part of the budget.__GK News