New budget

Central government has passed the new budget for Jammu and Kashmir for the year 2022-23 and it reflects the commitment of Hon’ble Prime Minister Shri Narendra Modi for peace, progress & prosperity of J&K. It will put in place social safety nets for last man in the queue, sufficient outlays for rural development, healthcare services, urban renewal missions, employment generation and youth initiatives.

Rs 1,12,950 crore budget and continued push for various flagship programmes of the Centre & UT will provide relief to all sections of the society – especially ‘Common Man’. Our focus on increasing the investment in agriculture & allied sector, inclusive growth has been clearly underlined.

The budget puts a lot of emphasis on sustainable, equitable growth, more jobs, improving quality of life, education, strengthening the skill development, power sector, tourism, handicraft, tribal welfare, women empowerment & border areas development.

Good governance, deepening grass-root democracy, accelerated development & inclusive growth, facilitating investment & industrial growth, infrastructure development for improving quality of life,  Broadening Social Inclusion were among the focus areas of the Budget 2022-23. The Union Government has kept the provisions for various important initiatives having a greater impact on various sectors. An amount of  Rs 7,750 crore has been provisioned under Jal Jeevan Mission for achieving the objective of 100% piped water supply to each household;  Rs 357 crore for Solid Waste Management in two Municipal Corporations and 76 ULBs and Rs 1,313 crore for PRIs/ULBs.