It includes 5% interest subvention on loans, assistance for artisans.
With J&K facing an estimated ₹42,000 crore loss in the past 13 months, Lieutenant Governor Manoj Kumar Sinha announced a relief-and-revival package of ₹1,350 crore to revive the Union Territory’s business sector on Saturday.
“I am glad to announce the package with a message that this is just a beginning. The ₹1,350-crore economic package is apart from the ₹1,400 crore package announced for J&K under the Aatma Nirbhar Abhiyan, of which ₹6,000 crore is for power sector reforms etc.,” Mr. Sinha said at a press conference in Srinagar.
Panel report
Mr. Sinha, who met over 35 delegations since taking over the office, had constituted a committee headed by Advisor K.K. Sharma. Kashmir’s top business body, the Kashmir Chamber of Commerce and Industries (KCCI) had projected losses of around ₹42,000 crore…