Lieutenant Governor Manoj Sinha announced a relief package of ₹1350 crore for Jammu and Kashmir in a bid to boost the business and the other pasty sectors that have suffered huge losses for several years in the newly formed Union Territory.
While addressing a press conference at Raj Bhawan, LG Manoj Sinha said: This was just a beginning, and much more was in the offing. He also lauded the Committee for submitting the report in a given time frame.
I am glad to announce a ₹1,350 crores 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 percent 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.