<h1>Jammu and Kashmir Debt Reaches Rs 1.25 Lakh Crore; Loans and Provident Fund Major Contributors</h1> The Jammu and Kashmir government reported a total debt of over Rs 1.25 lakh crore as of March 31, 2024, with significant components including Rs 69,894 crore in loans from the Reserve Bank of India and state development, and Rs 27,901 crore in the general provident fund. The debt represents 52% of the region's GSDP of Rs 2,38,677 crore. The Economic Survey Report 2024-25 noted a rise in internal debt proportion over the past decade, while the provident fund's share decreased. The debt-to-GSDP ratio increased from 47% in 2014 to 51% in 2024.