Union Home Minister Amit Shah on Tuesday, August 31, launched the web portal for registration of units for industrial development in Jammu and Kashmir.
Union Commerce and Industry Minister Piyush Goyal and Union Minister Dr Jitendra Singh were also present at the inauguration of the web portal for registrations of units under the 'New Central Sector Scheme 2021' for Jammu and Kashmir via video conferencing.

The scheme is applicable for any eligible industrial manufacturing companies or eligible service sector enterprises other than those run departmentally by Government, which is registered business enterprise under Goods and Service Tax. The scheme offers four incentives namely Capital Investment Incentive, Capital Interest subvention, Goods and Service Tax Linked Incentive and Working Capital Interest Subvention.

The scheme will help in the creation of more job opportunities and promotion of tourism in the region. The estimated direct job generation is expected to be about 78,000 persons. The scheme has potential to trigger much more gainful employment indirectly and also, has potential to further promote tourism activities in Jammu and Kashmir, according to reports.

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