Srinagar, Oct. 14 -- In order to provide assistance to business entities, the LG administration had recently announced a number of measures to provide growth momentum in various sectors of the economy. A comprehensive package of Rs 1350 crore was announced by the J&K LG, Manoj Sinha in the previous month responding to the demands put forth by the UT business community.

In a review meeting taken by the J&K LG, Manoj Sinha, the Finance department informed about the progress on various financial components of the package.

The 5% interest subvention in favour of the business establishments was the main incentive extended by the LG administration. The Finance department informed that government order has already been issued on 1st October, 2...