Srinagar, Feb. 1 -- The Union Government on Saturday proposed allocation of Rs 41000.07 crore to Jammu & Kashmir Union Territory for next financial year, 2025-26.

As part of fund transfers for Union Territories, the Union Finance Ministry today proposed an allocation of Rs 41000. 07 crore to Jammu & Kashmir Union Territory in the Union Budget for 2025-26.

The budgetary figures show that there has been no increase in central assistance to J&K for the next fiscal in the Union Budget.

Of Rs 41000.07 crore allotted to J&K, Rs 40619.30 crore has been kept as central assistance for J&K to bridge its resource gap, documents reveal.

According to budget documents, Rs 279 crore have been proposed to be allocated as grants towards contribution t...