Jammu-Kashmir Gained Funding Proposals Price Rs 51,000 Crore: Centre
Jammu and Kashmir has won proposals for investments price Rs 51,000 crore. (Report)
New Delhi:
The federal government of Jammu and Kashmir has reported receiving proposals for investments price roughly Rs 51,000 crore up to now, Union Minister of State for House Nityanand Rai knowledgeable the Rajya Sabha on Wednesday.
Responding to a query in a written answer, the Minister shared the guidelines indicating against those proposals for the reason that abrogation of Article 370 and Article 35 A from Jammu and Kashmir on August 5, 2019.
Additionally, so as to spice up business building within the Union Territory, Rai stated the federal government of Jammu and Kashmir has additionally notified the Jammu and Kashmir Commercial Coverage, Jammu and Kashmir Personal Commercial Property Building Coverage and Jammu and Kashmir Commercial Land Allotment Coverage.
He additional stated that the federal government of India has notified the New Central Sector Scheme for Commercial Building of the Union Territory on February 19 closing yr to draw capital investments in Jammu and Kashmir with a monetary outlay of Rs 28,400 Crore (upto the yr 2037).
“The Scheme supplies 4 varieties of incentives specifically Capital Funding Incentive, Capital Hobby Subvention, Items and Products and services Tax Connected Incentive and Operating Capital Hobby Subvention,” stated the Minister when requested, “whether or not the federal government has introduced any business coverage for Jammu and Kashmir to spice up business actions within the UT”.
