Srinagar, Feb. 2 -- The Budget 2023-24 for Jammu and Kashmir is yet another major initiative towards rapid growth and welfare of common man in the Union Territory. This reflects commitment of the government to ensure holistic and inclusive development besides implementation of welfare programmes and execution of various schemes for all segments of the society.

Allocation of Rs 35,581.44 crore in the Union Budget for J&K, as announced by Finance Minister, Nirmala Sitharaman, will accelerate the growth of the Union Territory.

Appreciably, the Central grants in the Revised Estimates for ongoing financial year of 2022-23 have been hiked by about Rs 9000 crore and were now pegged at Rs 44538.13 crore.

The Jammu and Kashmir administration wi...