Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday announced an economic relief package of Rs 1,350 crore for the business sector to deal with the fallout from the coronavirus pandemic, NDTV reported.
“We have approved an economic package of Rs 1,350 crore for Jammu and Kashmir’s struggling business community,” he said at a press conference. “This is additional to the benefits of the Atmanirbhar Abhiyan [self-reliant India], earlier announced by Prime Minister Narendra Modi.” Sinha added that all borrowers were exempt from stamp duty till March 2021.
Sinha, who took the oath of office last month, also announced 50% discount on water and electricity bills for a year. “We will be spending Rs 105 crore on this,” he said. “This will benefit farmers, normal people, businessman and others.”
The lieutenant governor said the administration was mulling a…
