LG Sinha begins business revival package for J&K with Rs 1350 Cr

Jammu and Kashmir Lieutenant Governor Manoj Sinha today began economic revival for ailing business sectors Of J&K with the announcement of Rs 1350 crore package.
“This was just a beginning and much more was in the offing, ” he said duirng a press conference at Rajbhawan and added that Government was mulling a “structured package” for transporters, drivers, auto-drivers, house boat owners and shikara wallas.”
LG Sinha said that on August 18 this year he met almost 35 delegations from various sectors after which a committee headed by my advisor KK Sharma was constituted and I am glad that the committee submitted its report in a time-bound manner.
He said that it is a happy moment for him that for the first time an official committee has submitted it’s report in the shortest possible time.
“I am glad to announce this package today with a message that this is just a beginning,” he said according to reports.
He clarified that Rs 1350 Crore economic package is apart from Rs 1400 Crore package announced for J&K under Aatma Nirbhar Abhiyan of which Rs 6000 is for power sector reforms etc.
Regarding the relief for taxi drivers, transporters, auto drivers, houseboat owners, shikara wallas, the LG Sinha said the government is also mulling a separate “structured mechanism and package” for them.
He also announced stamp duty exemption till March 2021 for all borrowers.
“I would like to announce that from October 1, special desk will be set up at every J&K Bank branch for youth including entrepreneurs,” the LG said.
The LG Sinha said that Government of India is also working on a new industrial policy which will be ready soon-