J&K budget allocation ignored fruit industry: PC’s Vakil

Srinagar, Feb 02: People’s Conference (PC) senior vice president and former minister Abdul Gani Vakil on Sunday criticised the Union Budget 2025-26, calling it disappointing and inadequate for Jammu and Kashmir.
“The total budget allocation stands at Rs 41,000.07 crore, which is less than last year’s initial allocation of Rs 42,277.74 crore, reflecting the government’s lack of commitment towards the region’s economic development,” he said.
Vakil accused the government of completely ignoring J&K’s horticulture sector, particularly the apple industry, which generates over Rs 10,000 crore annually and supports lakhs of families. “Despite the challenges faced by fruit growers, including rising input costs, cheap imports, and lack of storage facilities, the budget offers no financial assistance, subsidies or policy support for this crucial sector,” he said.
The PC leader accused the government of failing to address unemployment, struggling businesses and the declining tourism sector, despite their importance to J&K’s economy. “The budget lacks any significant provisions for job creation, industrial development, or trade revival, leaving the people of J&K frustrated and neglected,” he said.
Vakil demanded an immediate special financial package for J&K, focusing on horticulture, employment generation, and business revival. He also called upon all political and economic stakeholders to unite in demanding fair financial treatment for J&K. “Continued neglect will only deepen economic distress in the region,” he said.