Jammu and Kashmir Chief Minister Omar Abdullah presented the much-awaited budget on Friday, marking a significant step for the state. This was the first budget by an elected government in seven years, making it a crucial moment for governance and development. The budget focuses on economic growth, regional balance, and the welfare of youth and women.
Agriculture Sector
The budget allocates Rs 815 crore for agriculture, recognizing the sector’s importance in the state’s economy. Farmers have long faced challenges due to harsh weather and infrastructure issues, and this allocation aims to provide better resources, irrigation, and market access. By strengthening agriculture, the government hopes to enhance the livelihood of thousands of farmers and improve food security in the region.
Boosting Tourism
Another major focus is on tourism, with Rs 390 crore set aside for its development. Jammu and Kashmir is known for its breathtaking landscapes and cultural heritage, making tourism a vital part of its economy. The investment will help in upgrading infrastructure, promoting lesser-known destinations, and ensuring better facilities for visitors. Abdullah emphasized that boosting tourism would not only create jobs but also attract more revenue to the region.
Empowering Youth and Women
Empowering youth and women is a key part of the budget. With various schemes aimed at skill development, entrepreneurship, and financial assistance, the government aims to provide better opportunities for employment and self-reliance. Special programs will focus on women’s empowerment, ensuring their participation in economic and social development. Abdullah reiterated that the future of Jammu and Kashmir lies in the hands of its young population, and the government is committed to supporting them.
Addressing Regional Disparities
The budget also addresses regional disparities, ensuring that development is not limited to urban areas. Investments will be made in rural development, healthcare, and education, aiming to uplift all sections of society. Abdullah stressed the need to bridge the gap between different regions and provide equal opportunities to every citizen. Infrastructure projects, including better roads and communication networks, are planned to improve connectivity and accessibility in remote areas.
Statehood and Economic Stability
Another notable aspect of the budget is the government’s commitment to statehood restoration. Abdullah assured that efforts are being made to bring back the full rights and status of Jammu and Kashmir. He expressed confidence that economic stability and political progress would go hand in hand, paving the way for a brighter future. The budget also highlights the increase in GST compliance, indicating a stronger financial position for the state.
Sustainable Development Goals
The budget aligns with Sustainable Development Goals (SDG), ensuring that growth does not come at the cost of the environment. Renewable energy projects, waste management initiatives, and water conservation plans are part of the long-term vision for a sustainable and green Jammu and Kashmir. Abdullah reaffirmed that development must be balanced with ecological preservation for the well-being of future generations.