J&K to have a business-friendly environment
SRINAGAR In another landmark decision, the State Administrative Council (SAC), which met here today under the chairmanship of Governor, Satya Pal Malik approved the J&K Single Window (Industrial Investment and Business Facilitation) Act, 2018.
The Act is an initiative, under the flagship program of Ease of Doing Business (EoDB) of Government of J&K, aimed at comprehensive and unprecedented overhaul of the outdated processes and procedures involved in setting up and operation of businesses in the state.
The legislation aims at making the doing of business in the State much easier and to create a hassle-free business friendly environment here.
Earlier, Pre-establishment approvals/NOCs would take months/years to obtain. The approvals/NOCs can now be obtained in a matter of week(s) through on-line mode in a time bound manner. Under a single umbrella, services of more than 12 departments have been brought to the door steps of the people through on-line mode. All services from Pre-establishment, Pre-Operation to Renewals will be available at the Single Window Portal.
The legislation also provides for a three level Committee at the State, Division and District level, fast clearances within the stipulated timeframe; minimum physical touch points with the official hierarchy; provision of deemed clearances; better compliance and transparency and an inbuilt grievance redressal mechanism.
The enactment of this Single Window Act would ensure an improved EoDB ranking of the State of J&K during 2018.
SAC approves subsidy for setting up of 10 Walnut Processing Units, 7 Nurseries in private sector
The State Administrative Council (SAC), which met here today under the chairmanship of Governor, Satya Pal Malik approved the proposal of Horticulture Department for setting up of walnut processing units in the private sector through an enabled interest subvention scheme.
The objective is to increase the processing capacity of walnuts in the state. The adherence to scientific processing and grading practices shall fetch better returns in todays competitive market.
The scheme will facilitate the interest subvention of 100% for a period of 5 years on a loan of Rs 1 crore availed for establishing of Walnut Processing Unit of 500 MTs capacity in Private sector. Ten (10) walnut processing units of 500 metric ton capacity each have been targeted under the scheme.
In another similar decision, the SAC approved setting up of the walnut nurseries in the private sector with an attractive interest subvention and subsidy support.
This scheme shall facilitate 50% subsidy, subject to a ceiling of Rs 7.50 lakh, for establishing a walnut nursery with high tech poly green house, costing Rs 15 lakh in private sector and 100% interest subvention on balance loan raised for the purpose, for a period of 05 years. Seven (7) walnut nurseries are targeted to be covered under the scheme during 2018-19.
The proposal aims to encourage private entrepreneurs for establishment of walnut nurseries for the production of grafted walnut plants which are having huge demand not only in the state but also in Himachal Pradesh, Uttarakhand & North Eastern States. The availability of grafted walnut plants of the recommended varieties shall boost the production of walnuts in the State. This will also help in production of uniform produce.
SAC approves proposal to promote Aloe Vera cultivation in Public, Private sectors
The State Administrative Council (SAC), which met here today under the chairmanship of Governor, Satya Pal Malik approved the proposal of Horticulture Department for promoting Aloe Vera cultivation both in the Public as well as the Private sector.
The proposal aims to promote Aloe Vera cultivation for overall development of Horticulture sector in Jammu Division by providing 75% subsidy, subject to a ceiling of Rs 0.75 lakh per hectare, for plantation of Aloe Vera in 50-hectare area in the districts of Kathua, Samba, Jammu, Udhampur and Reasi under private sector. Besides, an Aloe Vera nursery and three Aloe Vera processing units shall be established in the public sector for making planting material available and processing the produce of the growers for higher returns.