Lt Governor expresses gratitude to Union Government for yet another historic budget

 “I would like to thank the Prime Minister, Narendra Modi, Home Minister, Amit Shah, and Finance Minister, Nirmala Sitharaman for yet another historic budget with emphasis on the growth and development of Jammu & Kashmir. The Government is committed to invest more money in new and accelerated infrastructure projects, support new investments and increase business landscape through incentives in new Industrial Scheme. The budget lays down roadmap for tourism industry to get back on track. Besides, push to rural economy and agriculture would provide a fillip to horticulture and overall agri-sector and benefit the farming community”, said the Lt Governor.

“The government is committed to strengthening Panchayati Raj Institutions and substantial allocation has been made for the developmental fund as well as for PRI’s infrastructure. We are cutting the red tape and making it easier for businesses to invest, manufacture and create jobs. Skill development is also one of the high priority areas of the government to ensure the youth of Jammu & Kashmir have the right skills for the jobs of the future. We are also determined to create women entrepreneurship ecosystem to improve their earning potential and enhance economic independence”, the Lt Governor observed.

The budget 2021-22 for J&K focuses on Good Governance aimed at maximum governance and minimum government, socio-economic development of the people, development of infrastructure across J&K, and generation of employment. The total budget estimates for the fiscal is Rs 1,08,621 crore, of which capital expenditure is of the order of Rs 39, 817 crore and revenue expenditure is Rs 68,804 crore.