Budget

J&K gets whopping Rs.35,581 cr in the Union Budget 2022-23

While J&K have been given Rs.35,581.44 cr for 2022-23, Ladakh has been allotted Rs.5,958 cr, the same as the current fiscal

PGurus Newsdesk

February 2, 2022

While J&K have been given Rs.35,581.44 cr for 2022-23, Ladakh has been allotted Rs.5,958 cr, the same as the current fiscal

Budget 2022: Rs.35,581.44 cr allocated to J&K, Ladakh gets Rs.5,958 cr

The Union territory of Jammu and Kashmir has been allocated a whopping amount of Rs.35,581.44 crore in the Union Budget 2022-23 as part of the Central government’s assistance, grants and loans. The Union Budget allocated the amount for the financial year 2022-23.

While Jammu and Kashmir have been given Rs.35,581.44 crore for 2022-23, as compared to Rs.34,704.46 crore in the current fiscal, Ladakh has been allotted Rs.5,958 crore, the same as the current fiscal.

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 towards equity contribution for 624 MW Kiru hydroelectric project.

Rs.273 crores have also been allocated as grants towards rehabilitation of the Dal Nageen lake while Rs.279 crore has been given as grants towards contribution to Disaster Response Fund of J&K.

According to the budget proposal for the current fiscal, with a hike of 6.98 percent, the Union Territory of Andaman and Nicobar Islands has been allocated Rs.5,763.65 crore, an increase of Rs.376.24 crore from last year’s Rs.5,387.41 crore.

For Chandigarh, the total allocation is Rs.5,382.79 crore for the 2022-23 fiscal, an increase of Rs.196.67 crore from Rs.5,186.12 crore allotted in the year 2021-22.

The Dadra & Nagar Haveli and Daman & Diu have been allocated Rs.3,781.10 crore, an increase of Rs.217.51 crore (6.10 percent) from last year’s Rs.3,563.59 crore. The UT of Lakshadweep has been allotted Rs.1,421.50 crore for FY2022-23.

Delhi has been allocated Rs.1,168 crore, an increase of Rs.210.49 crore from Rs.957.51 crore allotted last year. An additional amount of Rs.200 crore has also been allocated as central assistance for the Chandrawal Water Plant and Rs.10 crore as a contribution to the Delhi Disaster Response Fund.

For Puducherry, the total allocation is Rs.1,729.79 crore, the same as last year.

A S Mittal, chairperson, Assocham’s northern council, said, “The budget is focused on making India self-dependent and a 5 Trillion economy in coming years. It is a landmark budget with a far-reaching positive impact towards the revival of the economy and to usher in the dawn of a new era.”

Manik Batra, chairperson, Assocham‘s J&K council said, “The announcement of new national highways and logistic parks at four locations will make the supply chain more robust and also reduce the cost of transportation.”

[With Inputs from IANS]

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