LG Sinha begins business revival package for J&K with Rs 1350 Cr

"This is just a beginning, much more in offing"

"structured mechanism for transporters, auto-drivers, houseboat owners, shikara wallas soon"

Srinagar, Sep 19 (KNS): Jammu and Kashmir Lieutenant Governor Manoj Sinha today begins economic revival for ailing business sectors Of J&K with the announcement of Rs 1350 crore package.
“This was just a beginning and much more was in the offing, ” he said duirng a press conference at Rajbhawan and added that Government was mulling a “structured package” for transporters, drivers, auto-drivers, house boat owners and shikara wallas."
LG Sinha said that on August 18 this year he met almost 35 delegations from various sectors after which a committee headed by my advisor KK Sharma was constituted and I am glad that the committee submitted its report in a time-bound manner, according to the KNS correspondent.
He said that it is happy moment for him that for the first time an official committee has submitted it’s report in the shortest possible time.
“I am glad to announce this package today with a message that this is just a beginning,” he said according to KNS correspondent.
He clarified that Rs 1350 Crore economic package is apart from Rs 1400 Crore package announced for J&K under Aatma Nirbhar Abhiyan of which Rs 6000 is for power sector reforms etc.
Regarding the relief for taxi drivers, transporters, auto drivers, house boat owners, shikara wallas, the LG Sinha said the government is also mulling a separate “structured mechanism and package” for them.
He also announced stamp duty exemption till March 2021 for all borrowers.
"I would like to announce that from October 1, special desk will be set up at every J&K Bank branch for youth including entrepreneurs,” the LG said.
The LG Sinha said that Government of India is also working on a new industrial policy which will be ready soonA number of administrative measures for different economic sectors are part of this mega package to improve business environment. These are:

A. Tourism

1. Online renewal and registration system for transporters/hoteliers shall be put in place.

2. Banks will extend every possible support to houseboat owners, tour & travel operators and shikarawalas and frame a customized scheme for their working capital requirements in consultation with the concerned associations.

3. All renewals of Registration of Hotels, Restaurants and the like shall be done in a time bound manner.

B. Housing and Urban Development

1. STPs of Srinagar will be completed in time bound manner providing relief to Hotels.

2. Building permissions will be given in a time bound manner within 3 months.

C. Agriculture/Horticulture and allied sectors

1. Farmer Producer Organisations will be increased with market linkages.

D. Transport

1. Suitable space for passenger taxi and auto stands will be provided to avoid traffic congestion.

E. Handloom and Handicraft:

1. Handicraft Cluster centres will be set up in specified zones.

2. Handloom parks will be created in J&K and possibilities for development of handloom parks outside J&K will be explored.

3. Registration of Instruments will be done by Revenue Department on daily basis, and not more than 07 days.

F. Focus Groups

1. Special desk shall be created to address youth and women entrepreneurs in the J&K Bank. The facility shall be put in place by the J&K Bank by 1st of October, 2020.

2. Exclusive market space will be created for women entrepreneurs.

3. Creation of Portal for unemployed Youth- A one stop solution with tie-up with employment portals and employers on same platform will be done.

4. Renewal of registration of Schools will be done in a time bound manner and affiliation process with the CBSE board shall be eased out to have more CBSE school registrations.

5. Frequent national and international events shall be organised by the Youth Service and Sports Department to have wider participation. High end events will encourage tourism sector and improve economy of the UT.

In addition to financial package and administration measures, the government has also constituted few committees to look deep into the issues of traders’ community and resolve them as per the current needs and their demands. These include:

1. A committee headed by Administrative Secretary I&C Department with representative of Finance Department will propose issuance of a simplified negative list for industrial incentives within 03 months.

2. A Committee shall be constituted for settlement of Bank, Finance and Industry issues with association representatives as members to be chaired by Finance Department.

3. Constitution of committees in each Province/District involving members of the business associations to address their issues which shall meet every month at district level and every two months at provincial level to settle issues of business community. The committees shall have representatives from I&C/Finance/Banks as its members.

Advisor to Lt Governor, KK Sharma; Chief Secretary, BVR Subrahmanyam; Financial Commissioner, Arun Kumar Mehta; Principal Secretary PDD & Information, Rohit Kansal; Principal Secretary to Lt Governor, Nitishwar Kumar; Principal Secretary, Industries & Commerce, MK Dwivedi and Director Information & Public Relations, Dr Syed Sehrish Asgar were also present at the press conference.(KNS)

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