Rs 33293 crore to be utilized to meet resources gap
The budget documents in possession of news agency—Kashmir News Observer (KNO) reveal that J&K has got central assistance of Rs 35581 in the Union Budget for 2022-23.
Of the allocations, Rs 33923 crore would be utilized to meet revenue deficit gap/resource gap of UT, the documents state.
According to documents, Rs 279 crore has been allocated as UT disaster response fund, Rs 273 crore as rehabilitation for Dal- Nageen lake, Rs 130 crore as grants towards equity contribution for 624 MW Kiru, Rs 300 crore as grants towards equity for Rattle 800 MW and Rs 500 crore as support for capital expenditure of UT.
According to the documents, the Union Finance Ministry has also revised central assistance from 30757 crores to Rs 34704.46 crore for J&K for the ongoing fiscal.
As per the revised estimates, the central assistance to meet resource gap has been revised to Rs 32978 crore from Rs 30478 crore.
According to the revised estimates, Rs 647 crore has been allocated towards permanent restoration of damaged infrastructure hit by 2014 floods, Rs 300 as grants towards equity contribution for 624 MW Kiru, Rs 300 crore as grants towards equity for Rattle 800 MW and Rs 200 crore as support for capital expenditure of UT.
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Kashmir News Observer (KNO) is a news agency in Jammu and Kashmir.