New Delhi (NVI): The newly formed Union Territories of Jammu and Kashmir and Ladakh have been allocated funds in this year’s budget presented by Finance Minister Nirmala Sitharaman today.
In the 2020-21 Union Budget, Rs 30,757 crore for J&K and Rs 5,598 crore for Ladakh has been allocated towards the overall development of the region.
This is the first time that Jammu and Kashmir, and Ladakh are allocated separate funds since the two were carved out of erstwhile state and given the status of Union Territories.
Jammu and Kashmir, which is under President’s rule at present, was visited by a delegation of 36 Union Ministers recently, who were part of the Centre’s outreach programme.
Besides, Rs 100 crore have also been allocated for hosting the G-20 Summit in 2022.
In her budget speech, Sitharaman also announced a total outlay of Rs 99,300 crore which has been earmarked for the education sector in 2020-21 and Rs 3,000 crore for Skill Development.
