Current Affairs

INDUSTRIAL DEVELOPMENT OF JAMMU AND KASHMIR

INDUSTRIAL DEVELOPMENT OF JAMMU AND KASHMIR

The Government of India has notified the New Central Sector Scheme (NCSS), 2021 for Industrial Development of Union Territory of Jammu and Kashmir with financial outlay of ₹28,400 Crore for encouraging new investments. The incentives being provided under New Central Sector Scheme(NCSS) are as under:

   The various policy initiatives taken by the Union Territory of Jammu and Kashmir, to boost the industry sector and making it as investor friendly destination are given as under:

  This was stated by the Minister of State for Home Affairs, Shri Nityanand Rai

in a written reply to a question in the Lok Sabha.

  1. Capital Investment Incentive (CII)
  2. Capital Interest Subvention (CIS)
  3. Goods & Services Tax Linked Incentive (GSTLI)
  4. Working Capital Interest Subvention (WCIS)  

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