On February 1, 2025, the Union Government allocated ₹41,000.07 crore to Jammu & Kashmir (J&K) for the fiscal year 2025-26. This allocation mirrors the previous year’s funding, indicating no increase in central assistance for the Union Territory.
Breakdown of the Allocation:
• Central Assistance: A total of ₹40,619.30 crore has been earmarked to bridge J&K’s resource gap.
• Grants:
o ₹279 crore designated for the Union Territory Disaster Response Fund.
o ₹101.77 crore allocated for funding infrastructure project resource gaps.
In the current fiscal year, the financial assistance for J&K was revised to ₹41,000.07 crore from the initial ₹42,277.74 crore.
This consistent allocation underscores the central government’s commitment to supporting J&K’s development and addressing its fiscal needs.
