JK gets Rs 35,581 cr in Union Budget

New Delhi The Union Territory of Jammu and Kashmir was on Tuesday allocated Rs 35,581.44 crore in the Budget 2022-23 as part of the central government’s assistance, grants and loans.
The erstwhile state of Jammu and Kashmir was bifurcated on August 5, 2019 into two UTs – Jammu and Kashmir and Ladakh — following the abrogation of Article 370. Both the UTs are currently under central rule.
While Jammu and Kashmir has been given Rs 35,581.44 crore for 2022-23, compared to Rs 34,704.46 crore in 2021-22, Ladakh has been given Rs 5,958, the same as in the current fiscal.
The bulk of the funds – Rs 33,923 crore- in the budget for Jammu and Kashmir is under central assistance.
A sum of Rs 273 crore has been allocated as grants towards rehabilitation of Dal Nageen lake and Rs 279 crore has been given as grants towards contribution to UT Disaster Response Fund.
The budget allocated Rs 500 crore as support for capital expenditure of UT, Rs 476.44 crore has been given as grants towards equity for Ratle 800 MW hydroelectric project and Rs 130 crore has been given as grants towards equity contribution for 624 MW Kiru hydroelectric project.