J&K’s debt stands at staggering Rs 125025 crore

STC NEWS DESK
JAMMU, MARCH 08 (STC): Chief Minister Omar Abdullah, who is also the minister in-charge of the Finance department, revealed that the total debt portfolio of J&K, including State Development Loan/Reserve Bank of India loan, negotiated loans, National Saving Small Fund (NSSF), Government of India Advances, Ways and Means Advance/Overdraft, General Provident Fund (GPF), Reserves and Deposits, UDAY power bonds, stands at a staggering Rs 125205 crore.
He stated this today in a written reply to the question of MLA Handwara Sajad Gani Lone.
The Finance department’s reply reads that the total outstanding on account of SDL/RBI loans is Rs 69894 crore, followed by GPF with Rs 27901 crore, Rs 14294 crore in reserves and deposits, Rs 5758 crore NSSF, Rs 4032 crore in negotiated loans, Rs 2616 crore UDAY bonds, and Rs 710 crore GoI advances.
As far as the total outstanding liability in treasuries is concerned, the government revealed that under various object heads of accounts is to the tune of Rs 5429.49 crore as of 27.02.2025. Besides, the total unpaid work bills of PHE are Rs 0.24 crore as of February 25, 2025. (STC)