Lieutenant Governor Manoj Sinha commended the Interim Budget 2024-25 of the Union Territory of Jammu and Kashmir, expressing gratitude to Prime Minister Shri Narendra Modi and Hon’ble Finance Minister Nirmala Sitharaman.
In a tweet, the Lt Governor expressed his gratitude, stating, “Grateful to Hon’ble PM Narendra Modi Ji & Hon’ble FM Nirmala Sitharaman Ji for J&K’s interim Budget 2024-25, which is dedicated to farmers, women, youth, marginalized section of society and seeks to strengthen the grass-root democracy in the Union Territory.”
He highlighted the key features of the budget, emphasizing its dedication to farmers, women, youth, and marginalized sections of society. The Lt Governor emphasized that the budget is designed to reinforce grass-root democracy in the Union Territory.
Furthermore, he underscored the budget’s focus on rapid economic growth, ensuring that the growth is socially inclusive and sustainable. It addresses the expansion of the agricultural economy and aims to bridge regional imbalances while narrowing the rural-urban divide.
The Interim Budget 2024-25, as praised by the Lt Governor, creates an enabling environment for investment and aims to accelerate industrial growth. It is expected to generate more employment in various sectors, provide support to identified thrust areas for investment, and encourage the startup ecosystem in the Union Territory.
Another significant aspect highlighted by the Lt Governor is the budget’s emphasis on skill development and the employment of Nari Shakti (women power). It seeks to ensure that the benefits of rapid economic growth are equitably distributed to women in both rural and urban areas. The budget aims to empower Self Help Groups (SHGs) and provide women-owned business enterprises access to resources and networks. In conclusion, the Lt Governor’s appreciation reflects the positive impact and comprehensive approach of the Interim Budget 2024-25 in fostering inclusive and sustainable development in Jammu and Kashmir.