LS passes JK Appropriation Bill, 2021
Rs 1,08,621 cr budget focuses on JK’s growth, development: LG
‘Surpasses all previous allocations to make JK model of development’
Rs 200 cr for Metro Corporations
Rs 150 cr for Dal conservation
Rs 100 cr for Jammu and Srinagar cities
Rs 200 cr for Smart City projects
Rs 800 cr for capitalization of J&K Bank Limited
Rs 400 crore for GST reimbursement.
: Lieutenant Governor, Manoj Sinha welcomed the passing of the J&K Appropriation Bill, 2021 along with supplementary demands for the Union Territory by the Lok Sabha.
“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 investing more money in new and accelerated infrastructure projects, supporting new investments and increasing business landscape through incentives in the new Industrial Scheme. The budget lays down a road map for the tourism industry to get back on track. Besides, a 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 a 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.
Focusing on the empowerment of District Development Councils (DDCs) and Block Development Councils (BDCs), the Central Government has kept a provision of Rs 200 crore for 20 DDCs of Jammu and Kashmir and Rs 71.25 crore for 285 BDCs as `Development Fund’. Further, Rs 30 crore have been earmarked for establishment of DDC/BDC offices, while there is a provision of Rs 1313 crore for Panchayati Raj Institutions (PRIs)/Urban Local Bodies (ULBs) for rural and urban infrastructure and Rs 80 crore for PRI Security.
An amount of Rs 28 crore for Mughal Road, Rs 60 crore for new tourist circuits including Mansar, Surinsar, Wular and Bangus, Rs 20 cr for new ropeways, Rs 40 crore as ex-gratia relief for COVID warriors, Rs 50 crore for construction of bunkers in border areas, Rs 50 crore for two Medicities, Rs 10 crore for Drug De-addiction/rehabilitation centres, Rs 200 crore for Metro Corporations, Rs 150 crore for Dal Development and conservation, Rs 100 crore as City Grants for Jammu and Srinagar cities, Rs 200 crore for Smart City projects and Rs 2 crore as UT matching share for Devika project.
The Union Government has also kept Rs 800 crore for capitalization of Jammu and Kashmir Bank Limited, Rs 400 crore for GST reimbursement.