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Govt Approves Rs 28,400 Crore New J&K Industrial Development Scheme
SRINAGAR: The government notified the Central sector scheme for ensuring speedy industrial development in Jammu and Kashmir and said the scheme would be effective from April 1 this year until March 31, 2037.
Registration under the “New Central Sector Scheme for Industrial Development of J&K” will commence from April 1, 2021, and continue till September 30, 2024, for a period of three and a half years.
The notification issued by the Ministry of Commerce and Industry’s Department for Promotion of Industry and Internal Trade clarifies that the registration process of new units under the scheme whose projected financial liability reaches 115 per cent of the approved funds would be paused temporarily or permanently subject to availability of additional funds.