• About us
  • Contact us
  • Our team
  • Terms of Service
Tuesday, January 13, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

J&K’s annual budget sees steep hike during past three years: Govt

Images News Netwok by Images News Netwok
April 2, 2022
in BUSINESS
A A
0
Union Budget for FY23 likely to aim at boosting growth,  achieving fiscal consolidation: BoB eco research
FacebookTwitterWhatsapp

Jammu: The schemes under the social welfare sector, like Old Age Persons, Women in Distress, Physically Challenged People, Mal-Nourished children, Lactating and expecting women, Scheduled Castes, Scheduled Tribes, Other Backward Classes and other Economically Weaker sections of the society plays an important role in improving the lives of these segments of the society.

As part of the national development initiatives, the commitment towards welfare of under-privileged and the downtrodden, backward and vulnerable sections of the society is tremendous. The role of the social welfare sector in fulfilment of this commitment thus becomes important and it has been instrumental for removing the distress of these sections through amelioration and anti-poverty measures.

More News

ISRO”s PSLV-C62 rocket encounters ”anomaly,” deviates from flight path, misses orbit

General Budget on Sunday February 1: LS Speaker Om Birla

Economy faces many challenges, meaningful steps needed in Budget: Congress

Load More

Jammu and Kashmir’s annual budget has seen a steep hike during the past three years. In 2019-20, J&K had 88,911 crore worth budget which went up to Rs 1 lakh crore for 2020-21 and this year J&K has received a whopping Rs 1.13 lakh crore (net) for the year 2022-23. This substantial increase in budget is mainly because of good performance by the Union Territory’s Finance Department with no bills pending in the Government Treasuries for long, as used to be the case earlier.

For the social welfare sector, an allocation of about Rs.198.07 crore has been made under Capital Expenditure for the year 2022-23 which is Rs.4.93 crore more than the previous year’s budget allocation. In the new budget, 100% coverage under all individual beneficiary schemes would be ensured in 2022-23. Distribution of dietary items and supplementary nutrition items are being made at the doorsteps of beneficiaries in all districts of the UT. There is also a proposal for Old Age Homes to be established in all districts. Motorized tricycles will be provided to all Handicapped persons thereby achieving 100% saturation level for which Rs 25 crore have been provisioned. Besides, geo-tagging of all the Anganwadi Centers will be made in collaboration with the Information Technology Department.

About 8,88,359 beneficiaries were provided pension benefits at the rate of Rs.1,000 per month under Integrated Social Security Scheme (ISSS) and National Social Assistance Programme (NSAP). There has been an increase of 59% of beneficiaries under social security and pension schemes.

In a landmark step, the transgender population has, for the first time, been included for pension benefits under ISSS.

The welfare of displaced Kashmiri people has been the top priority for the government which is visible from the fact that 1025 transit accommodation units have already been completed or substantially completed. 1488 units are at different stages of completion and the work on 2744 units of transit accommodation has been initiated. Out of 6000 posts created for Kashmiri Migrants under PM Package/PMDP-2015, 4678 posts have been filled and remaining posts are being filled up. Providing food grains, cash assistance and other benefits will continue under Security Related Expenditure (SRE) in 2022-23.

Tribal welfare also assumes immense significance. For Tribal Affairs, an allocation of about Rs.282.23 crore has been made under Capital Expenditure for the year 2022-23 which is same as the previous year’s budget allocation. In the new budget, 100% coverage of pre-matric and post-matric scholarship to Gujjar and Bakerwal students and ST students with 100% disbursement through DBT expected to be accomplished in 2022-23. Besides, establishment of 14 Milk villages would be taken up in 2022-23 while 29 Cluster Tribal Model Villages are being established and are at different stages of implementation. Also, construction of seven transit accommodations/shelter sheds with an estimated cost of Rs 3.50 crore each would be taken up in 2022-23. Six Eklavya Model Residential Schools for ST students are being established.

The new budget lays the foundation for inclusive development for all sections of the society and the government is very keen to empower the weaker sections through various social and tribal welfare initiatives. (This is an unedited version of press release issued by DIPR-JK)

Previous Post

Justice Magrey inaugurates Sixth Legal Literacy Club at Budgam 

Next Post

Dr Mehta unveils calendar of sports activities under “My Youth My pride”

Images News Netwok

Images News Netwok

Related Posts

ISRO”s PSLV-C62 rocket encounters ”anomaly,” deviates from flight path, misses orbit

ISRO launches India’s third moon expedition with an eye on future inter-planetary missions, soft landing on Aug. 23
January 12, 2026

Sriharikota (Andhra Pradesh):  ISRO's PSLV-C62 rocket carrying 16 satellites, including a foreign Earth Observation satellite, "encountered an anomaly", the space...

Read moreDetails

General Budget on Sunday February 1: LS Speaker Om Birla

P20 Summit: India’s Parliament to foster global cooperation on key issues
January 12, 2026

New Delhi:  In a first, Finance Minister Nirmala Sitharaman will present the general budget in Parliament on Sunday, February 1,...

Read moreDetails

Economy faces many challenges, meaningful steps needed in Budget: Congress

January 12, 2026

New Delhi: The Congress on Monday hoped that the forthcoming Union Budget will take meaningful steps to address the challenges...

Read moreDetails

Modi raises investment pitch, ‘Amid great global uncertainty, unprecedented certainty in India’

India-Middle East-Europe corridor will become basis of world trade for centuries: PM Modi
January 11, 2026

Rajkot:  Prime Minister Narendra Modi on Sunday said India is currently witnessing an era of unprecedented certainty and political stability,...

Read moreDetails

RBI advocates disclosure of NPA, inspection info; banks oppose; matters in CIC

RBI holds meeting of Steering Sub Committee of J&K SLBC
January 11, 2026

New Delhi: Four major banks -- Bank of Baroda, RBL Bank, Yes Bank and State Bank of India -- have...

Read moreDetails

India tightens crypto noose: Live selfies, geo-tagging now mandatory for users

January 11, 2026

New Delhi: In an effort to eliminate illegal activity in the digital asset market, India's Financial Intelligence Unit (FIU) has...

Read moreDetails
Next Post
‘J&K Sport Policy 2022 accords importance to vibrant incentivized sports ecosystem in UT’

Dr Mehta unveils calendar of sports activities under “My Youth My pride”

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.