Industrial Policy For J&K ; Investment proposal worth Rs. 51,000 Cr. received

06-04-2022: The Government of India has notified the New Central Sector Scheme for Industrial Development of the 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.51,000 crore so far. 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.