The Union Finance Minister Nirmala Sitharaman has announced a budget of Rs 1,18,500 crore for the Jammu & Kashmir Union Territory, with Rs 41,491 crore allocated for developmental expenditure.
The budget includes plans to install 4,000 new solar agricultural pumps and replace 5,000 existing conventional pumps with solar pumps under the Pradhan Mantri Kisan Urja Suraksha evam Uthaan Mahabhiyan (PM-KUSUM).
The Jammu Solar City Project aims to commission around 80 MW of rooftop solar capacity, covering approximately 20,000 households in the Union Territory.
The Ministry of New and Renewable Energy will work towards achieving 10 MW of rooftop solar installed capacity for 3,000 families, and around 3 MW of rooftop solar will be installed in Srinagar under the Srinagar Smart City Project.
Additionally, 50 buildings in Srinagar and 20 government buildings in various districts will have grid-connected rooftop solar in the first phase.
During the FY 2023-24, independent power producers in J&K will be allotted 72 MW of small hydropower projects of at least 2-10 MW capacity.
