Srinagar: Lieutenant Governor Manoj Sinha on Saturday announced an economic package of Rs 1,350 crores for Jammu and Kashmir to boost the business and other sectors who have impacted for a long time in the newly formed Union Territory.
LG Sinha said at a press conference, “This was just a beginning and much more was in the offing.”
“I am glad to announce a Rs 1,350 crore economic package for the people in the business community facing economic difficulties. This is additional to the benefits of Atma Nirbhar Bharat and other measures taken by us to comfort the business community,” he said.
“We have decided to give 5 per cent interest subvention to every borrower from the business community, without any conditions for six months in the current financial year. This will be a huge relief and help in generating employment here,” he added.