New Delhi, April 06:(KNS) The Government of India has notified the New Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir (J&K) on 19/02/2021 to attract capital investments in J&K with a financial outlay of Rs 28,400 crore (Upto the year 2037). The Scheme provides four types of incentives namely (i) Capital Investment Incentive, (ii) Capital Interest Subvention, (iii) Goods & Services Tax Linked Incentive and (iv) Working Capital Interest Subvention. The Government of Jammu & Kashmir has reported receiving proposals for investments worth approximately Rs.Click Here To Follow Our WhatsApp Channel51,000 crore so far.
Moreover, in order to boost industrial development in UT, the Government of J&K has also notified the J&K Industrial Policy, J&K Private Industrial Estate Development Policy and J&K Industrial Land Allotment Policy.
This was stated by the Minister of State for Home Affairs, Shri Nityanand Rai in a written reply to a question in the Rajya Sabha today.(KNS)