Additional monetary package deal of Rs 1,350 crore introduced for J-Ok

Majid Jahangir

Tribune News Service

Srinagar, September 19

Lieutenant Governor Manoj Sinha on Saturday introduced Rs 1,350 crore financial package deal for the enterprise group grappling with financial disaster arising out of covid pandemic. The package deal is over and above the advantages of Aatam Nirbhar Bharat introduced by Prime Minister Narendra Modi.

Announcing the package deal throughout a press convention in Srinagar Sinha stated many revolutionary choices have been taken within the package deal. “We have decided to give 5% interest subvention to every borrower from business community at every level for six months. It is unprecedented and there will be no discriminatory criteria. The government is putting Rs 950 crore for this,” Sinha stated. “There is a crucial element on this package deal and there may be 50% concession in electrical energy and water payments and the federal government is placing Rs 105 crore on this,’’ he added.

The Lt Governor additionally introduced that stamp responsibility has been exempted as much as March 2021 within the case of all debtors. He stated they’ve already created an enormous land financial institution that will likely be useful in managing the short rollout of latest industrial coverage.  Sinha stated the Government of India has ready the brand new industrial coverage for J&Ok and it might profit the traders massively.

“I consider that each announcement we make must be carried out with high quality. I’ll make sure the bulletins are carried out on the bottom. I’ll guarantee high quality execution of all these schemes,” J&Ok LG stated, including that is only a starting and way more is within the offing.

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