J&K Lt. Governor Manoj Sinha announces repayment of Rs 28,000 crore debt to electricity sector, leading to cheaper electricity for residents.
Jammu and Kashmir (J&K) Lt. Governor Manoj Sinha has announced that the region has repaid a debt of Rs 28,000 crore to the electricity sector, marking a significant step towards financial sustainability. This repayment has led to J&K residents receiving cheaper electricity compared to other states and union territories. The J&K administration has successfully turned J&K Bank into a profit-making financial institution, and has increased the Union Territory's budget allocation as a demonstration of the central government's commitment to J&K's development. The J&K administration plans to focus on sectors such as agriculture, horticulture, power, infrastructure, and more for the region's holistic development.
August 12, 2024
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