JK receives Rs 1,547 cr investment in 2022-23: MoS Home

A file funding of Rs 1,547 crore has been gained via Jammu and Kashmir within the present fiscal until January, Union Minister of State for House Nityanand Rai mentioned within the Lok Sabha on Tuesday. Rai mentioned the federal government expects investments to additional building up within the subsequent 5 years in quite a lot of necessary sectors like production, services and products, healthcare and prescribed drugs, agro-based business, and tourism, together with movie and clinical.

Throughout 2022-23 until January, a file funding of Rs 1,547.87 crore has been gained via the Union Territory and this funding right through the present monetary 12 months is the perfect ever in comparison to any of the former monetary years, he mentioned replying to a written query.

The minister mentioned Jammu and Kashmir had gained funding of Rs 376.76 crore in 2021-22, Rs 412.74 crore in 2020-21, Rs 296.64 crore in 2019-20, Rs 590.97 crore in 2018-19 and Rs 840.55 crore in 2017-18.

He mentioned the federal government of Jammu and Kashmir has already gained funding proposals value Rs 64,058 crore.

The central govt has notified the brand new central sector scheme for commercial construction of Union Territory of Jammu and Kashmir on February 19, 2021, and quite a lot of coverage tasks had been taken via the government, Rai mentioned.