{"id":27608,"date":"2025-03-07T08:23:50","date_gmt":"2025-03-07T08:23:50","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=27608"},"modified":"2025-03-07T08:23:50","modified_gmt":"2025-03-07T08:23:50","slug":"jk-assembly-budget-omar-abdullah-allocates-rs-815-crore-for-agriculture-rs-390-crore-for-tourism-development","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/jk-assembly-budget-omar-abdullah-allocates-rs-815-crore-for-agriculture-rs-390-crore-for-tourism-development\/","title":{"rendered":"J&K Assembly Budget | Omar Abdullah Allocates Rs 815 Crore For Agriculture, Rs 390 Crore For Tourism Development"},"content":{"rendered":"

JAMMU, Mar 7: Jammu and Kashmir Chief Minister Omar Abdullah, while presenting the state\u2019s budget on Friday, emphasized that the region is on the path to lasting peace.
\nIt is the first budget to be presented by the elected government in the last seven years. He mentioned that the state\u2019s GST compliance has increased and expressed commitment to aligning with Sustainable Development Goals (SDG).Abdullah highlighted that the focus of the budget was on empowering youth and women, addressing regional disparities, and striving for the restoration of statehood.
\nThe budget includes an allocation of Rs 815 crores for agriculture, to generate 2.88 lakh jobs. The state will promote a two-crop pattern and focus on expanding horticulture. The government also plans to boost wool processing and promote the leather tanning industry, which is expected to help the local economy.
\nAbdullah emphasized the state\u2019s ongoing journey towards peace, noting that Jammu and Kashmir is now on the path of lasting peace after decades of unrest.
\nTourism is another major focus, with the government projecting a volume of 2.36 crore tourists in 2024. Events like the Kashmir Marathon, which hosted 1,800 global participants, and the growing popularity of places like Shiv Khori and Dudh Pathri, led to the inflow of tourists in the state.
\nThe budget has provisioned Rs 390.20 crore for tourism development, with plans to increase homestays, promote water sports, and develop Sonmarg as a winter sports destination. Jammu will see a new water park in Sidhra, and Basholi will be developed as an adventure destination.
\nThe JK CM stressed the importance of transparency in welfare measures and stated that the government is focused on empowering sectors like agriculture, tourism, and local industries.
\nAdditionally, the government plans to operationalize a new film policy, aiming to make JK a prime destination for film production and eco-tourism. The state will also focus on constructing 500 new Panchayat Ghars to improve local infrastructure.
\nThe budget reveals that 70 percent of the funds are being allocated towards salaries, which is putting a significant strain on the state\u2019s finances. Additionally, there are high ATNC (Administrative, Technical, and Non-Commercial) losses, and the state\u2019s debt has increased. However, all borrowing has been kept within the prescribed limits to maintain financial discipline.
\nThe budget also includes provisions for grants worth Rs 5,000 crore, aimed at boosting the region\u2019s development.
\nThe budget also focused on industry as it plans to establish 64 industrial estates and address traders\u2019 concerns with a new policy offering price preferences. Additionally, there will be a focus on promoting Pashmina and other local products, with seven more products set to receive GI (Geographical Indication) tagging.
\nIn the healthcare sector, the budget includes provisions for two new AIIMS institutions and ten fully-equipped nursing colleges.
\nAiming to enhance access to healthcare, Abdullah announced a Rs 5 lakh health insurance coverage for all citizens, alongside plans to integrate telemedicine services across the state.
\nTo further improve medical infrastructure, three new Cath Labs will be established, MRI machines will be installed in all government hospitals, and dialysis services will be expanded to all district hospitals.
\nHe also stated that feedback had been taken into account while preparing the budget to ensure it meets the needs of the people, particularly in terms of reducing regional disparities and improving overall economic health.
\nOmar Abdullah expressed his gratitude to the Prime Minister, Home Minister, and Finance Minister for their continued support and cooperation in the state\u2019s progress.<\/p>\n

\"J&K
J&K Assembly Budget | Omar Abdullah Allocates Rs 815 Crore For Agriculture, Rs 390 Crore For Tourism Development<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

JAMMU, Mar 7: Jammu and Kashmir Chief Minister Omar Abdullah, while presenting the state\u2019s budget on Friday, emphasized that the region is on the path to lasting peace. It is the first budget to be presented by the elected government in the last seven years. He mentioned that the state\u2019s GST compliance has increased and […]<\/p>\n","protected":false},"author":2,"featured_media":27609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15,89],"tags":[],"class_list":["post-27608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jammu-and-kashmir","category-national"],"gutentor_comment":0,"yoast_head":"\nOmar Abdullah Allocates Rs 815 Crore For Agriculture, Rs 390 Cr<\/title>\n<meta name=\"description\" content=\"Jammu and Kashmir Chief Minister Omar Abdullah, while presenting the state\u2019s budget on Friday, emphasized that the region\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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