The INS News
No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog
No Result
View All Result
The INS News
No Result
View All Result
Home News Regional

CM Omar unveils Rs 1.12 lakh crore budget for J&K

INS Correspondent by INS Correspondent
March 7, 2025
A A
Govt to develop  premier religious tourism circuit, says CM Omar
Share on FacebookShare on TwitterWhatsappTelegramEmail

Jammu, Mar 07: Chief Minister Omar Abdullah on Friday presented a Rs 1.12 lakh crore budget for Jammu & Kashmir for the fiscal 2025-26.

RELATED POSTS

CM Omar leaves for Jammu to review situation

Schools in Kupwara, Bla, Gurez, around Awantipora, Sgr Airport to remain closed on May 9–10

Govt bans Pak-origin content on OTT, streaming platforms in India

Unveiling the budget in the Assembly, Omar Abdullah, who also serves as finance minister of the UT, announced that total budget estimates for the fiscal 2025-26 are Rs 1,12,310 crore.

“The total net budget estimates for the fiscal are Rs 1,12,310 crore, including the provision for ways and means advances and overdraft,” the CM said, as per KNO.

The CM said that the expected revenue receipts are Rs 97,982 crore and capital receipts are Rs 14328 crore.

He said the state’s own revenue both tax and non-tax revenue, is estimated to be Rs 31905 crore.

The CM said a total of Rs 41000 crore is to flow as central assistance and Rs 13522 crore as centrally sponsored schemes and the Prime Minister’s Development Package (PMDP) to the UT.

Key announcements

Buy JNews
ADVERTISEMENT

CM Omar Abdullah proposed free ration of 10 kilogram per person to all AAY beneficiaries from April 1, 2025.

In his budget speech, Omar Abdullah also proposed enhancement of pension to vulnerable sections of the society including old-aged persons, widows, divorcees and specially –abled persons.

As per the announcement, the pension has been revised to Rs 1250 crore for persons below 60 years of age, Rs 1500 crore for persons aged between 60 and below 80 years and Rs 2000 for persons aged 80 years and above.

He also announced enhancement of financial assistance under the Marriage Assistance Scheme from Rs 50000 to Rs 75000 for AAY category girls.

“I propose starting Ist April 2025, all women will be granted free ridership on government-owned public transport buses, including ebuses,” he said.

The CM also proposed 200 units of free electricity per month to all AAY families in J&K.

“Integrated with the PM Surya Ghar Bijli Yojana, this initiative will enable installation of grid-connected solar systems, generating the required power and eliminating electricity bills,” he said.

He said that Rs 750 crore will be invested in this scheme and it would reduce AT& C losses and promote sustainable energy.

The CM also announced reducing the stamp duty on property gifted to blood relatives to zero.

He also announced the setting up of National Law University and Jammu & Kashmir Skill and Entrepreneurship University.

Previous Post

Govt to relocate GMC Handwara at alternate site: Sakeeka Itoo

Next Post

6 booked for creating fake accounts, sharing content to glorify terrorism: Police

INS Correspondent

INS Correspondent

Related Posts

Local horse rider was killed as he tried to save tourists: CM Omar
Regional

CM Omar leaves for Jammu to review situation

May 9, 2025
Sonamarg—Zojila road closed for traffic after fresh snowfall
Regional

Schools in Kupwara, Bla, Gurez, around Awantipora, Sgr Airport to remain closed on May 9–10

May 8, 2025
No petrol without helmet in Anantnag, DC issues order
Regional

Govt bans Pak-origin content on OTT, streaming platforms in India

May 8, 2025
India destroys Pak air defense system, foils bid to target military installations
Regional

India destroys Pak air defense system, foils bid to target military installations

May 8, 2025
J&K has immense opportunity in tourism sector: PM Modi
Regional

PM Modi chairs high-level meeting with Secretaries of GoI

May 8, 2025
Rains, snow expected from Monday in J&K: MeT
Regional

Weatherman predicts rain, thundershower till May 13

May 8, 2025
Next Post
Double agent booked in Karnah

6 booked for creating fake accounts, sharing content to glorify terrorism: Police

JKCSF hopes for comprehensive overhaul of J&K’s education system

JKCSF & JKPUF acknowledge positive initiatives in J&K Budget

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *




Woman falls off ridge in Poonch, dies

Cop’s body found in Reasi

July 10, 2024
BJP leader Satya Pal Malik appointed new governor of J&K

Threat of transfer is there, J&K Guv says a day after ‘Sajjad Lone CM’ remark

November 28, 2018
State sponsored terrorism is most dangerous: Geelani

Geelani condemns use of pellets against civilians

December 20, 2017

About

Indian News Service (INS) is the first registered online news portal from the state of Jammu & Kashmir. Our creative team consists of like-minded and socially concerned team of media professionals who carry decades of experience in their field of profession at their back. Our core values have pillars in honesty, empathy, credibility, equality and integrity.

More

© 2022 INS News - Designed by GITS.

No Result
View All Result
  • Home
  • News
    • Regional
    • Srinagar
    • Jammu
    • National
    • World
  • Business & Economy
  • Multimedia
    • Photo Gallery
    • Video Gallery
  • Health
  • Jobs & Careers
  • Press Releases
  • Blog

© 2022 INS News - Designed by GITS.