During the Corona period, the central government has given a big gift to Jammu and Kashmir. Today, Jammu and Kashmir Lieutenant Governor Manoj Sinha has announced an economic package of Rs 1350 crore for the development of the state. LG said that it is happy to approve the economic mega package of Rs 1350 crore for the business community facing an economic crisis. Lt. Governor Manoj Sinha said that this economic package is in addition to the self-reliant India campaign. With this, a strategy has been prepared to take many big steps.
This will give a big benefit to the people of Jammu and Kashmir in the coming days. He said that a 5 percent interest subvention in the state is being taken for all small and big borrowing traders without any discrimination. LG said that a 50 percent discount will be given in electricity and water bills for 1 year. In the case of all borrowers, there will be an exemption in stamp duty until March 2021. Explain that on August 5 last year, the Central Government removed Articles 370 and 35A of the Constitution giving special status to Jammu and Kashmir.
Due to this, the state was reorganized and divided into two union territories, Ladakh and Jammu and Kashmir. The economic package has been announced for the first time today after the removal of article 370 from the state. Earlier, PM Modi had announced Rs 20 lakh crore to the country amid the Corona crisis.