Govt J&K Development Finance Corporation (JKDFC) Jobs 2024 - Sarkari Naukri

The industrial set up of the State of Jammu & Kashmir was badly affected by the turmoil through which the State passed since 1990. With the establishment of popular Govt. in the State in 1996, need was badly felt to reactivate the industrial set up of the State and to bring it back on rails. The State Govt. took up the matter with GOI to formulate a package of industrial incentives on the lines of North Eastern States. It was impressed upon the GOI that a comprehensive policy needs to be worked out which, besides developing the necessary industrial infrastructure, shall also include a package of incentives for the existing as well as the new entrepreneurs willing to invest in the State. The GOI came up with a comprehensive industrial policy and a package of concessions for the State of Jammu and Kashmir vide Office Memorandum. The policy memorandum envisaged:-
Fiscal incentives to new industrial units and substantial expansion of the existing units;
Development of Industrial Infrastructure;
Other incentives;
Setting up of J&K Development Finance Corporation Ltd.