Union Finance Minister Nirmala Sitharaman on Sunday proposed an allocation of Rs 43,290.29 crore for Jammu and Kashmir in the Union Budget 2026-27. This is nearly Rs 2,000 crore more than the amount given in the current financial year.
According to official budget figures, the Union Finance Ministry has proposed total transfers of Rs 43,290.29 crore to Jammu and Kashmir for the year 2026–27.Click Here To Follow Our WhatsApp Channel
For the ongoing financial year, J&K’s assistance was revised to Rs 41,340 crore, up from the earlier estimate of Rs 41,000.07 crore. This shows an increase of Rs 340 crore.
In the 2026–27 budget, the Centre has proposed Rs 42,650 crore as central assistance to help bridge Jammu and Kashmir’s resource gap. The budget also includes Rs 279 crore as grants for the Union Territory Disaster Response Fund.
In addition, Rs 259 crore has been allocated as equity support for the Jhelum–Tawi Flood Recovery Project, while Rs 101 crore has been set aside to support capital expenditure in the Union Territory.
The increased allocation is expected to help Jammu and Kashmir manage its finances and support development projects in the coming year.
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