Industrial Development Scheme, 2017 for Union Territory of Jammu & Kashmir and Union Territory of Ladakh

MINISTRY OF COMMERCE AND INDUSTRY
(Department for Promotion of Industry and Internal Trade)
NOTIFICATION

New Delhi, the 23rd December, 2019

F.No. 2(2)/2018-SPS.— The Central Government hereby makes the following amendments in the Government of India Notification No. 2(2)/2018-SPS dated the 23rd April, 2018 and Notification No. 2(2)/2018-SPS 1st January, 2019 titled ‘Industrial Development Scheme for the State of Jammu & Kashmir, 2017’ as per “The State of Jammu & Kashmir Reorganisation Act, 2019” and will be applicable on and from the “appointed day” i.e. 31st day of October, 2019 as per Ministry of Home Affairs’ Notification No. S.O. 2889(E) dated 9th August, 2019.

i) The title of the Scheme may be read as:-

‘Industrial Development Scheme, 2017 for Union Territory of Jammu & Kashmir and Union Territory of Ladakh.

ii) Para 1 of the Scheme may be read as follows:-

The Scheme shall be called ‘Industrial Development Scheme, 2017 for Union Territory of Jammu & Kashmir and Union Territory of Ladakh.

iii) The Scheme shall cover the Union Territory of Jammu & Kashmir and Union Territory of Ladakh.

iv) The name State of Jammu & Kashmir, wherever applicable in the notification no. 2(2)/2018-SPS dated 23.04.2018 may be read as Union Territory of Jammu & Kashmir and Union Territory of Ladakh.

v) The name State of Jammu & Kashmir, wherever applicable in the notification no. 2(2)/2018-SPS dated 01.01.2019 may be read as Union Territory of Jammu & Kashmir and Union Territory of Ladakh.

II) Nodal Agency

Para 8 of Notification No. 2(2)/2018-SPSdated 23.04.2018 may be read as follows:

The Jammu & Kashmir Development Finance Corporation Limited (JKDFC) will be the nodal agency for disbursal of incentives under various components of the Scheme for Union Territory of Jammu & Kashmir and Union Territory of Ladakh.

RAJENDRA RATNOO, Jt. Secy.

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