AC greenlights key initiatives across various sectors in J-K

JAMMU — In a comprehensive decision-making session, the Administrative Council (AC) chaired by Lieutenant Governor Manoj Sinha approved several significant policies and projects, marking substantial strides in diverse sectors.

Excise Policy for 2024-25

The AC granted its approval for the rollout of the J&K Excise Policy for the fiscal year 2024-25. The policy encompasses a range of fees and duties applicable to the manufacturing, transport, import, and export of liquor.

Notable features include the allocation of vends through auction, a linkage of minimum reserve bid price with the sale potential of each vend, and a 15% lower cap of MSP for on-premises consumption.

The policy emphasizes digitalization in the entire liquor supply chain, from production to retail consumption, and imposes fines for selling liquor above the MRP.

ALSO READ
J-K Govt mulling to re-open existing cinema halls

NCDC branch in Jammu

The AC approved the transfer of 7 Kanal 250 Sqft of land in Jammu for the establishment of a branch of the National Centre for Disease Control (NCDC), New Delhi.

This move is aimed at enhancing diagnostic services in Jammu, with NCDC providing expertise and referral diagnostic services to individuals, medical colleges, research institutions, and state health directorates.

Amendments to J&K Private Industrial Estate Development Policy 2021-30

Amendments to the Jammu and Kashmir Private Industrial Estate Development Policy, 2021-30 were approved by the AC. The revised policy offers incentives such as the reimbursement of Stamp Duty, Change of Land Use Charges, and Registration Charges for genuine private developers.

It aims to provide a level playing field, improve the business environment, and develop approximately 2000 Kanal (250 acres) of land per year through private industrial estates.

ALSO READ
AC approves land transfer for different public purposes

Incentives for food processing units

The AC, under Lieutenant Governor Manoj Sinha, sanctioned incentives to encourage Cooperatives to establish small food processing units costing up to Rs 10 lakh. The proposal includes a 90% credit from Cooperative Banks, financial assistance of 50%, and 100% interest subvention by the government.

This initiative is expected to set up 80 food processing units over the next two years, providing employment opportunities and ensuring assured repayments to Cooperative Banks.

These decisions reflect the government’s commitment to fostering growth, employment, and improved services across various sectors in Jammu and Kashmir.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

FEATURED

Related Articles