Jammu & Kashmir
GoI allocates ₹43,290 crore for JK in 2026-27 budget
Srinagar: Finance Minister of India Nirmala Sitharaman on Sunday proposed Rs 43,290.29 crore for the Jammu and Kashmir Union Territory in the Union Budget 2026-27.
The Finance Ministry has proposed Rs 43290.29 crore in transfers to Jammu & Kashmir for 2026-27.
J&K’s assistance for the current financial year has been revised to Rs 41340 crore, up from Rs 41000.07 crore, marking an increase of Rs 340 crore.
For 2026-27, the budget proposes Rs 42650 crore as central assistance to bridge the resource gap of J&K, Rs 279 crore as grants towards contribution to the Union Territory Disaster Response Fund, Rs 259 crore as equity for the Jhelum Tawi Flood Recovery Project and Rs 101 crore as support for capital expenditure in the Union Territory.
Sitharaman concluded her Budget 2026-27 speech in the Lok Sabha in a nearly one-and-a-half-hour-long address.
Key announcements included a sharp push to public capital expenditure at ₹12.2 lakh crore in 2026-27. The finance minister announced the government’s renewed outlook with a thrust on manufacturing, semiconductors and MSMEs.
The address also highlighted targeted initiatives in health, sports, tourism and women-led enterprises, all framed around the vision of building a Viksit Bharat by 2047. This marked her ninth consecutive GoI Budget address in the Lok Sabha.