Srinagar, March 7 -- Chief Minister Omar Abdullah on Friday presented the first budget of the Union Territory with an outlay of Rs 1.12 lakh crore, and proposed a series of welfare and development initiatives for 2025-26.

The chamber hailed the provision of 200 units of free electricity for Antyodaya Anna Yojana (AAY) households and the introduction of free transport services for women, saying both were key measures for promoting social equity.

Besides, announcement of establishment of PM Unity Malls in Srinagar and Jammu to support local artisans was another key takeaway from the Budget, KCCI said in a statement.

"This demand for establishing exhibition mart in Kashmir was presented by KCCI at different levels of governance both at th...