In a landmark move, the Finance Minister of India unveiled the interim budget for the financial year 2024-2025, capturing the nation’s economic vision under the theme of Viksit Bharat, aiming for a developed India by 2047. The Jammu and Kashmir Union Territory emerged as a focal point in the budgetary allocations, receiving a substantial amount of Rs 37,277.74 crore. The budget’s emphasis on addressing resource shortages through a significant investment of Rs 35,619.30 crore has sparked conversations among various stakeholders. Rising Kashmir’s Correspondent, Aatif Qayoom, delved into public sentiment by speaking to individuals from diverse backgrounds, capturing their views on the interim budget and the allocation of funds to the Union Territory. Excerpts:
Aijaz Ahmad Bhat:
This year’s Budget took on the Viksit Bharat theme, envisioning a developed India by 2047. The focus on ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth), and ‘Annadata’ (Farmers) aligns with people-centric inclusive development. The substantial investment in infrastructure, digital public infrastructure, and proactive inflation management are positive steps. We expect more positive measures in the final budget.
Danish Ahmad Tantry:
The interim budget showcases dedication to fostering economic growth, with actions that benefit the nation and positively impact Kashmir’s socioeconomic structure. Addressing concerns and promoting growth reflects a commitment to uplift the region. It illustrates the government’s intention to establish a robust economic environment, especially considering Kashmir’s unique circumstances.
Humaira Tabasum:
The allocation of Rs 37,277.74 crore to Jammu and Kashmir in the union budget for 2024-25 reflects the Government of India’s dedication to enhancing the region. With a focus on addressing resource shortages through an investment of Rs 35,619.30 crore, this financial commitment marks a stride towards progress and prosperity.
Peerzada Javid:
Infrastructure spending in Kashmir demonstrates dedication to development and communal well-being. The budget’s emphasis on job creation fosters economic stability and empowerment for the youth, laying the groundwork for a prosperous future. This calculated action benefits the country’s economy as a whole while improving the region. It’s an example of a forward-thinking strategy.
Adv Nadiya Rasheed Naik:
The Union Budget’s Rs 37,277 crore allotment to Jammu and Kashmir is a major stimulus for the region’s development. This investment has the potential to significantly improve infrastructure, healthcare, education, and job opportunities. Effective implementation and transparent use of these funds are crucial for ensuring long-term beneficial effects on the development of Jammu and Kashmir.”
Danish Fayaz:
The substantial allocation to the Jammu and Kashmir Union territory in the union budget for 2024–25 is proof of the GOI’s dedication to developing the UT area. This significant investment will go a long way toward addressing resource shortages, indicating growth and prosperity. Every rupee invested has the power to transform things for the better and contribute to a future that is more peaceful and prosperous.
Adeefa Rouf:
Jammu and Kashmir has received a significant allocation of Rs 37,277.74 crore in the interim union budget for 2024-25. Rs 35,619.30 crore has been set aside to bridge the resource gap, highlighting a commitment to driving growth in the Union Territory. This substantial investment reflects the government’s dedication to fostering prosperity and unity, a guiding light towards progress symbolising resilience and optimism.
