Union Budget 2020: Rs 30,757 crore for JK, Rs 5,958 crore for Ladakh
Presenting the Union Budget for the financial year 2020-21, Finance Minister Nirmala Sitharaman on Saturday announced an allocation of Rs 30,757 crore for Jammu and Kashmir, and Rs 5,958 crore for Ladakh.
Both Jammu and Kashmir and Ladakh are now union territories, carved out of the erstwhile state of Jammu and Kashmir, following the passage of the Jammu and Kashmir Reorganisation Bill by Parliament in August last year.
Speaking in Parliament, Sitharaman said the government is fully committed to supporting all-round development of the newly-formed union territories.
Reacting to finance minister’s announcement, Ladakh MP Jamyang Tsering Namgyal tweeted, “Continuing the path of development, Hon’ble Finance Minister @nsitharaman ji announced Rs 5958 cr for our UT Ladakh. Ladakh will surely prosper under the leadership and vision of our Hon’ble Prime Minister @narendramodi Ji.”