Budget will boost Jammu & Kashmir infrastructure and economy, says L G Manoj Sinha

The administration of the Union Territory of Jammu and Kashmir on Thursday described the Union budget as a step towards boosting the infrastructure and economy of Jammu and Kashmir.

The Union Territory has been granted Rs 35,581.44 crore as a part of the central government’s assistance, grants and loans for the financial year of 2022-23, which is Rs 877 crore more than the amount granted last year, it said in a statement issued here. Describing the new budget as very significant in terms of the developmental aspects for the Union Territory, it said that a total of Rs 34,704 crore was granted to Jammu and Kashmir the previous year.