New economic package of J&K to provide 50% discount in water, power bills

Jammu and Kashmir’s Lieutenant Governor Manoj Sinha today announced a huge economic relief package of Rs. 1350 crore for the benefit of businesses in the UT. One of the key features of today’ announcement was a 50 % discount for water and electricity bills for the people of J and K for a year.

Manoj Sinha said, “For one year we will be giving a 50% discount in water and electricity bills. We will be spending Rs. 105 crore on this this will be of benefit businessman, farmers and even normal people.”

Advertisement

The new economic package also provides for a 5 % interest subvention to borrowers from the business community without any conditions, for six months in the current financial year.

The new economic package will prove to be of great importance for the business and industry sector in Jammu and Kashmir.