PROMOTION OF INVESTMENT IN JAMMU AND KASHMIR

Delhi: 07 FEB 2024 

The Government has notified the New Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir on 19/02/2021 so as to attract investors to make capital investments.  This has been supplemented by the following policies/schemes, to boost investment in the UT of Jammu and Kashmir:

1. J&K Industrial Policy 2021-30
2. J&K Industrial Land Allotment Policy, 2021-30
3. J&K Private Industrial Estate Development Policy 2021-30
4. Policy for Promotion of Foreign Investment in Industrial Sector in J&K, 2022.
5. J&K Single Window Rules, 2021
6. Turnover Incentive Scheme, 2021
7. J&K Wool Processing, Handicrafts and Handloom Policy, 2020
8. Financial Support Scheme for Cooperatives/Self Help Groups, 2020
9. Credit Card Scheme for Artisans and Weavers, 2020
10. Kharkhandar Scheme for Development of Craft Sector in J&K, 2021
11. Revised Education Scheme 2022 for Artisans/Weavers of Handicrafts and Handloom Department
12. Export Subsidy Scheme, 2021.

The impact of the above steps taken to promote investment in the Union Territory of Jammu and Kashmir are as under:

The investments in various sectors like tourism, handloom, food processing etc. and infrastructure such as construction, roads, power etc. will boost the development of Union Territory of Jammu and Kashmir.

This was stated by the Minister of State for Home Affairs, Shri Nityanand Rai  in a written reply to a question in the Rajya Sabha.