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New central scheme for industries in J&K to be launched soon

Ziraat Times News Network

SRINAGAR, AUG 2: Central Government will soon be launching a dedicated industrial scheme for Jammu and Kashmir.

The Chief Secretary, Dr. Arun Kumar Mehta today attended a meeting with the Union Home Secretary and Union Secretary, Ministry of Roads, Transport & Highways to discuss the modalities of the New Central Sector Scheme for Industrial Development for Jammu and Kashmir, where this was disclosed, an official statement said.

Principal Secretary of Industries and Commerce Department was also present in the meeting.

The scheme is being designed to benefit both MSMEs and larger industries. It will not only encourage new investments but will also nurture existing industries, the official statement added.

The new scheme will provide incentives for capital investment, capital interest subvention, capital investment loan, GST linked incentives for plant and machinery, and working capital interest subvention.

 

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