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J&K LG lauds interim budget for UT and expresses gratitude to PM

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J&K LG lauds interim budget for UT and expresses gratitude to PM

Jammu, Feb 5, (IANS) Jammu and Kashmir Lt. Governor Manoj Sinha on Monday lauded the interim budget 2024 for the Union territory and expressed gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.

Finance Minister Nirmala Sithraman on Monday presented J&K’s Interim Budget 2024 besides revising the UT estimates for the current fiscal.

LG tweeted, “Thankful to Hon’ble Prime Minister Shri Narendra Modi Ji and Hon’ble FM Smt Nirmala Sitharaman Ji for J&K Interim Budget 2024-25 which is dedicated to farmers, women, youth and marginalized sections of the society and which seeks to strengthen grassroots democracy in the territory of the Union.

“The Interim Budget highlights the government’s commitment to rapid economic growth and ensures that growth is socially inclusive and sustainable. It focuses on the rapid expansion of the agricultural economy and addresses the issue of regional imbalances as well as seeking to overcome the rural-urban gap.

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A statement issued by the UT Finance Department said, “The central government has agreed to provide Rs 41,751.44 crore to the UT government in this financial year and Rs 37,277.74 crore in the next financial year.

He said that these attendance figures have been duly captured in the revised budget 2023-24 and the budget 2024-25 of the central government.

“This assistance will be provided by virtue of demand no. 58 of the MHA for assistance to the UT. This assistance includes normal (resource gap) assistance to the UT government and equity contribution for hydro projects at Kiru, Kwar and Rattle,” the statement said.

The LG said, “The budget creates an enabling environment for investment and aims to accelerate industrial growth. It will ensure that industries generate more employment, support identified thrust areas for investment and foster the ecosystem of startups at the UT.

“The budget focuses on Nari Shakti skill development and employment. It aims to ensure that the benefits of rapid economic growth flow equitably to women in rural and urban areas, that SHGs are empowered and that women-owned business enterprises have access to resources and resources. networks.”

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— IANS

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