Lagatar24 Desk
Jammu and Kashmir: Chief Minister Omar Abdullah presented Jammu and Kashmir’s first budget under the newly elected government on Friday, marking a significant shift after seven years of central administration. The budget focuses on inclusive growth, infrastructure, agriculture, youth and women empowerment, and tourism development, with a strong emphasis on restoring statehood and reducing regional disparities.
Calling it a “roadmap for a new and prosperous Jammu and Kashmir,” Abdullah highlighted efforts to boost employment, attract investments, and ensure fiscal prudence.
Key Announcements in J&K Budget 2025
₹815 Crore for Agriculture & Industry Growth
• Horticulture promotion, two-crop farming pattern
• Focus on wool processing and leather tanning industries
• Goal to double value addition, boost growth by 11%, create 2.88 lakh jobs, and set up 19,000 new enterprises
₹390.20 Crore for Tourism Development
• More homestays, promotion of water sports
• Sonmarg to be developed as a winter sports destination
• New water park in Sidhra (Jammu) and Basholi to be developed as an adventure tourism hub
₹50 Crore Allocated for National Law University
• A new National Law University will be established in J&K to strengthen legal education
Marriage Assistance Scheme Enhanced
• Grant under Marriage Assistance Scheme increased from ₹50,000 to ₹75,000
Lakhpati Didi Scheme for Women Empowerment
• 40,000 women to receive assistance under the scheme
200 Units of Free Electricity for AAY Families
• All Antyodaya Anna Yojana (AAY) families in Jammu and Kashmir to get 200 units of free electricity
98 New Water Testing Labs in J&K
• To ensure clean drinking water and better public health infrastructure
Zero Stamp Duty on Property Transfers to Blood Relatives
• New policy to ease property transfers within families
Press Infrastructure & Journalists’ Welfare
• Dedicated space for journalists in J&K Press Clubs
• Government committed to upholding press freedom and journalist rights
A Roadmap for Growth & Stability
Abdullah’s budget reflects strategic investments in infrastructure, agriculture, education, and digital governance, aiming to create a business-friendly environment and sustainable economic growth.
