Srinagar, March 9 -- The Jammu and Kashmir government on Saturday said its total debt stands at over Rs 1.25 lakh crore, including Rs 27,900 crore in the general provident fund (GPF) for the Union Territory in the last financial year.
Chief Minister Omar Abdullah, who is also the Finance minister of the UT, said in a written reply to Assembly member Sajad Gani Lone that as of March 31, 2024, Jammu and Kashmir's total debt is Rs 1,25,205 crore.
"This includes Rs 69,894 crore in loans from the Reserve Bank of India and state development, Rs 27,901 crore in GPF, Rs 14,294 crore in reserves, Rs 5,758 crore in outstanding national small savings fund, Rs 4,032 crore in negotiated loans, Rs 2,616 crore in UDAY power loans, and Rs 710 crore in Go...