Deputy Chief Minister of Jammu and Kashmir Surinder Choudhary on Friday expressed his satisfaction with the newly announced budget, stating that it fulfills all the promises made by the National Conference to the people of J-K.
Choudhary highlighted the significant inclusions in the budget, including the provision of 200 units of free electricity, which he claimed left the Opposition ‘shocked.’
“All those things which the National Conference had promised to the people of J&K are included in this Budget…When the CM announced 200 units of free electricity, the Opposition got current…,” said Choudhary.
Ahead of this, Jammu and Kashmir Chief Minister Omar Abdullah, while presenting the state’s budget on Friday after a seven-year gap, emphasized that the region is on the path to lasting peace. It is the first budget to be presented by the elected government in the last seven years.
He mentioned that the state’s GST compliance has increased and expressed a commitment to aligning with the Sustainable Development Goals (SDGs).
Abdullah highlighted that the budget focused on empowering youth and women, addressing regional disparities, and striving for the restoration of statehood. The budget includes an allocation of Rs 815 crores for agriculture, which will generate 2.88 lakh jobs.
“The state will promote a two-crop pattern and focus on expanding horticulture. The government also plans to boost wool processing and promote the leather tanning industry, which is expected to help the local economy,” said the J-K CM.
Abdullah emphasised the state’s ongoing journey towards peace, noting that Jammu and Kashmir are now on the path of lasting peace after decades of unrest.
“The total net budget estimates for fiscal 2025-26 are Rs 1,12,310 crore, excluding provisions for ways and means advances and overdrafts,” Abdullah said.
Tourism is another major focus, with the government projecting a volume of 2.36 crore tourists in 2024. Events like the Kashmir Marathon, which hosted 1,800 global participants, and the growing popularity of places like Shiv Khori and Dudh Pathri led to the inflow of tourists in the state.
The budget has provisioned Rs 390.20 crore for tourism development, with plans to increase homestays, promote water sports, and develop Sonmarg as a winter sports destination. Jammu will see a new water park in Sidhra, and Basholi will be developed as an adventure destination.
The J-K CM stressed the importance of transparency in welfare measures and stated that the government is focused on empowering sectors like agriculture, tourism, and local industries.
Additionally, the government plans to operationalize a new film policy, aiming to make J-K a prime destination for film production and ecotourism.
“The state will also focus on constructing 500 new Panchayat Ghars to improve local infrastructure. The budget reveals that 70 percent of the funds are being allocated towards salaries, which significantly strains the state’s finances,” added CM Abdullah.
Additionally, there are high ATNC (Administrative, Technical, and Non-Commercial) losses, and the state’s debt has increased. However, all borrowing has been kept within the prescribed limits to maintain financial discipline.
The budget also includes provisions for grants worth Rs 5,000 crore aimed at boosting the region’s development.
The budget also focused on industry, as it plans to establish 64 industrial estates and address traders’ concerns with a new policy offering price preferences.
“Additionally, it will focus on promoting Pashmina and other local products, with seven more products set to receive GI (Geographical Indication) tagging. In the healthcare sector, the budget includes provisions for two new AIIMS institutions and ten fully equipped nursing colleges,” said J-K CM.
Aiming to enhance access to healthcare, Abdullah announced Rs 5 lakh health insurance coverage for all citizens and plans to integrate telemedicine services across the state. Three new Path Labs will be established to further improve medical infrastructure, MRI machines will be installed in all government hospitals, and dialysis services will be expanded to all district hospitals.
He also stated that feedback had been taken into account while preparing the budget to ensure it meets people’s needs, particularly in terms of reducing regional disparities and improving overall economic health.
Omar Abdullah expressed his gratitude to the Prime Minister, Home Minister, and Finance Minister for their continued support and cooperation in the state’s progress. (ANI)
