Jammu, Mar 8, KNT: The Jammu and Kashmir government on Saturday disclosed that the Union Territory is burdened with a massive debt of ₹1,25,205 crore.
In a written response to Handwara MLA Sajad Gani Lone, Finance Minister Omar Abdullah detailed the components of the debt, which includes borrowings from the State Development Loan (SDL), Reserve Bank of India (RBI), National Small Savings Fund (NSSF), Government of India advances, UDAY power bonds, and other financial liabilities.
As per the Finance Department’s data, ₹69,894 crore is attributed to SDL/RBI loans, ₹27,901 crore to the General Provident Fund (GPF), ₹14,294 crore in reserves and deposits, ₹5,758 crore to NSSF, ₹4,032 crore in negotiated loans, ₹2,616 crore under UDAY bonds, and ₹710 crore in central government advances.
Additionally, the government reported outstanding liabilities of ₹5,429.49 crore in treasuries as of February 27, 2025. It also revealed that pending payment for Public Health Engineering (PHE) works stood at ₹0.24 crore as of February 25, 2025.
