Rs 1,350 crore economic package to boost tourism, other sectors in J&K
   Date :20-Sep-2020

 Manoj Sinha_1  
 Jammu and Kashmir Lt Governor Manoj Sinha along with Chief Secretary B. V. R. Subrahmanyam addresses a press conference in Srinagar on Saturday. (PTI)
 
 
SRINAGAR ;
 
JAMMU and Kashmir Lieutenant Governor Manoj Sinha announced a Rs 1,350 crore economic package for the Union Territory on Saturday to give a much needed boost to tourism and other sectors hit by the economic slowdown caused due to the COVID-19 pandemic and the security scenario.
 
As a part of the package, the Government has waived 50 per cent of the electricity and water bill amounts for a year across Jammu and Kashmir with an aim to bring a huge relief to farmers, families and businesses. Sinha also hinted that the Centre is actively considering an “unprecedented and historic package” for assistance to business entities, which will cover both the existing and new enterprises and will be a big boost to business and industry in J&K.
 
Sinha also announced that stamp duty has been exempted in case of all borrowers up to March next year. He said the new economic package is apart from the package announced by Prime Minister Narendra Modi under the Aatmanirbhar Bharat Abhiyaan.