J&K Chief Minister Omar Abdullah addressing a press conference at the Convention Centre in Jammu on Friday. @CM_JnK X/ANI Photo) | Photo Credit: ANI Highlighting the financial distress the Union Territory (UT) was facing, Jammu and Kashmir Chief Minister Omar Abdullah on Friday presented a ₹1.27-lakh-crore budget with a “special focus on the marginalised sections of the society and fresh measures to create jobs”, in a region with one of the highest unemployment rates in the country. “The budget carries a wide range of people-centric initiatives aimed at delivering immediate relief, strengthening social protection, promoting inclusive growth and ensuring equitable development across all regions of J&K,” said Mr. Abdullah, who presented the second budget of his government as the Finance Minister. Thirty-two welfare measures were rolled out for the marginalised sections, including women, orphans and persons with disabilities. Mr. Abdullah announced six free LPG cylinders for families registered under the Antyodaya Anna Yojana (AAY); free bus service for women and passengers with disabilities in smart city buses and other government transport systems; Direct Benefit Transfer-based financial reimbursement of fees for AAY students from Classes 9 to 12 as well as college students; and sponsorship support to 6,000 orphans under non-institutional care. Oppn. unhappy Opposition parties expressed their unhappiness over the budget though. “The budget is hopeless and a vague document. It offers no healing or hope. The youth, who comprise 60%–65% of our population, have been ignored,” Peoples Democratic Party MLA Waheed-ur-Rehmaan Parra said. BJP MLA and Leader of Opposition Sunil Sharma termed it “a budget for National Conference MLAs”. “There is nothing for the common people in it,” he added. “The Budget carries a set of focused measures that will directly touch the lives of citizens, particularly the most vulnerable sections,” Mr. Abdullah said. Published – February 07, 2026 01:41 am IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation India’s rare earths push finds possible ally in Germany’s wind energy needs Delhi court upholds criminal charges against Alka Lamba