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The Industries Sector is now playing its due role in the economic development of the State and in generating employment opportunities for the unemployed youth. Previously it used to be only the Handicrafts, Handlooms and Cottage Industry providing livelihood to a large population at different stages of production, sale and export.


OBJECTIVES

  • To create infrastructural support for facilitating the growth of industry and commerce in the State.
  • Mobilize new investment and support the MSME sector.
  • Facilitation and promotion of new Industrial units.
  • Skill development and up-gradation for the Handloom, Handicrafts Sector, carpet, Craft development and Entrepreneurs Development Programmes.
  • Marketing support & Sales promotion.
  • Exploration & sustainable Mining of Minerals.
  • Rehabilitation of Sick Units and action against defaulting units.
  • Promotion of Cottage / Traditional Industries.

FUNCTIONS

  • To disseminate information about various industry related schemes of both GoI / State Govt. and area of operations to entrepreneurs.
  • To identify new areas/ sectors in the State where Industrial infrastructure could be created.
  • To develop new Industrial Estates and maintaining & upgrade existing industrial estates.
  • To hold periodical meetings for Single Window Clearance for Micro/Small, Medium/large units for grant of provisional registration, allotment of land, power sanction, clearance from PCB in a time bound manner.
  • To rehabilitate potentially sick units.
  • To facilitate providing of State / Centre Govt. incentives/subsidies to the eligible units as per the package of incentives.
  • To improve working conditions of the artisans for enhancing their production capacity by taking advantage of various development/welfare schemes launched by State/Centre Governments create skilled manpower in the industry by revamping the existing training programme, introduce new designs in-tune with the preferences of the buyers, work for preserving and protecting the exquisite handicrafts by obtaining certificate/registration from appropriate bodies and facilitate financial support /hand holding's to the artisans.
  • To carry detailed Geological Investigations/ Drilling / Mining, for assessment and exploitation of mineral deposits to setup of mineral based Industries.

This programme of the State Government is administered by Department of Industries and Commerce through- five (5) Directorates of Industries, Handicrafts, Handlooms and Geology & Mining,- Four (4) Corporations viz SIDCO, SICOP, Handloom Dev. Corp. and Handicrafts (Sales & Exports) Corp.- Public Sector Undertakings of JK Industries Ltd., JK Minerals Ltd., JK Cements Ltd.- Training & Research Institutes like CDI, IICT, EDI and KVIB.


A glance at investment made by the entrepreneurs in industries sector over the years.


(Rs in Crore)

Period

Up to 2008-09

2009-10 to 2013-14

2014-15 (ending Nov. 2014)

Investment

2827.09

4654.27

134.54

Abstract Position:
Small Scale Units            = 29102
Large & medium Units   = 83
Total Investment             = 7615.90 crores
Total Employment          =152651

INCENTIVE REGIME
A comprehensive State Industrial Policy came into being in 2004 which facilitated provision of Incentives to attract private sector investment for the industry in a big way. The incentives are aimed at overcoming the constraints of remoteness, poor connectivity, high transportation cost and erratic power supply faced by the Industry. It focuses on private sector industrialization in backward blocks of the State and modernization of the existing units. Prior to State incentives the Central Government in 2002 announced its Package of Incentives which has been extended for further five years up to 15 July 2017 on its expiry of ten years period in July 2012. Therefore two sets of incentives are available to the entrepreneurs- one from the Centre Government and the other from the State Government.
These incentives are as follows
State Fiscal Incentives

  • 100 percent subsidy on purchase of new Diesel Generator sets.
  • 100 percent subsidy on project report preparation and quality testing equipment.
  • 75 percent subsidy on Research and Development.
  • 3 percent interest subsidy on working capital.
  • 5 percent rebate on interest on term loan for technocrats.
  • Special incentive for brand promotion and modernization.
  • Land and Power at concessional rates.

Tax Incentives

  • Toll tax exemption on import of raw material and export of finished products.
  • CST exemption
  • VAT remission.
  • Stamp duty exemption.

Central Package Fiscal Incentives

  • 15 percent subsidy on capital investment on plant and machinery.
  • 3 percent interest subsidy on working capital.
  • 100 percent insurance cover to Industrial units.

Tax Incentives

  • 100 percent excise refund.
  • Total income tax exemption.

 

Make in India
The J&K State under the "Make in India" programme is looking forward to attract domestic investors to invest in the State. "Ease of Doing Business" has rightly been recognized as the most important factor in achieving the goal of "Make in India". The State Government has initiated the process for playing its role as the interface of enterprises.


The existing State Industrial Policy is expiring on 31st March, 2015 and the new Policy is going to come into effect from 1st April 2015. Committee constituted for drafting the New Industrial Policy has been properly sensitized to deliberate on the issue of easing out the procedures for the entrepreneurs/ industrialists to invest in the State. The Government is simultaneously working on drafting Trade Policy and Manufacturing and Export strategies of the State.


In order to initiate concrete action on the recommendations of the Department of Industrial Policy and Promotion DIPP, GoI, the State Government has constituted two high level committees viz Monitoring Committee under the chairmanship of Financial Commissioner, Industries & Commerce Department and Apex Committee under the chairmanship of Chief Secretary.

Infrastructure development serves as an engine for industrial development and calls for continuous attention of the Government. Development of Industrial Estates / Infrastructure is the major function of the Industries and Commerce Department. The State has 53 existing industrial estates spread over an area of 31335Kanals of land as per position ending November, 2014. Profile of these Industrial Estates is as under:-


Existing Industrial Estates in the State ending Nov. 2014

Managing agency

Industrial Estates (No.)

Area
(Kanals)

Units Established / Under Establishment (No.)

Directorates of Industries & Commerce

32

2517

1175

J&K SIDCO

12

24201

2307

J&K SICOP

9

4617

1209

Total

53

31335

4691

To promote industrialization in the remote and backward areas of the State, the Industries and Commerce Department is developing Industrial Estates in the rural and industrially backward areas which are at various stages of development/ implementation. The New Industrial Estates under development / acquisition at present in rural areas are:-
New Industrial Estates under Development


S.No.

Name of the Industrial Estate

Total Land(kanals)

1

Tajoor Majalta Udhampur

278

2

Kulgam (Expansion)

50

3

Vessu Anantnag

250

4

Ashmuji Kulgam

62

5

Malwan Kulgam

59

6

Mehmudabad Dooru

107

7

Redbough,Kupwara

85

8

Changrthang, Kargil

98

New Industrial Estates under Land Acquisition


S.No.

Name of the Industrial Estate

Total Land(Kanals)

1

I.G.C Samba Phase-III

2763

2

Beoli Doda

39

3

Nimbla Reasi

1165

4

Pochhal, Kishtwar

218

5

Dambra Bllawar

514

6

Surankote Poonch

144

7

Lamberi Nowshera

122

8

Hiranagar

858

9

Aglar, Shopian

288

10

Barsoo, Ganderbal

67

11

Khrew, Khunmoh

417

12

Govt. Match Factory Baramulla

88

13

Larkipora Hafizabad Arwani Anantnag

1000

14

Wuyan Khrew (Pulwama)

580

15

Takia Razak Shah, Tral

177

16

Turkawangam -Shopian

501

17

Soibugh, Budgam

50

18

Qaisermullah Chadoora

50

19

Kunanposhpora, Kupwara

85

20

Khunmoh ( adjacent to Phase-III)

1039

21

Johama, Baramulla

200

The existing infrastructure is in dilapidated condition in a number of Industrial Estates established earlier and there is need for their up-gradation. Up-gradation of following Industrial Estates has been taken up through central assistance under Cluster Development Programme of Ministry of MSME and through State Plan on the recommendations of the Special Task Force for Jammu Division:


a)-MSE-CDP Projects


(Rs. in Lacs)

S.No

Name of Industrial Estate

Project
Cost

State
share

Central
share

1

Industrial Estate, Bari-Brahmana, Samba

1107.69

613.59

494.10

2

Industrial Estate, Gangyal, Jammu

983.92

492.72

491.20

3

Industrial Estate, Khunmoh, Phase-I & II

1154.85

681.07

473.78

4

Electronics Complex, Rangreth

1186.23

386.23

800.00

b) Recommendations of Projects under Special Task Force for Jammu Division:-


(Rs. in Lacs)

S.No

Name of Industrial Estate

Project
Cost

Funds Released (ending 11/2014)

01

Industrial Estate, Digana, Jammu (DIC J)

358.40

25.50

02

Industrial Estate, Jammu Cantt. (DIC J)

61.72

33.38

03

Industrial Estate, Akhnoor (DIC J)

58.17

28.00

04

Industrial Estate, Samba, (DIC J)

49.48

22.50

05

Industrial Estate, Kathua (DIC J)

133.90

50.00

06

IID Battal-Ballian Phase-II Udhampur (SICOP)

708.50

132.50

07

Industrial Estate, Birpur, Jammu (SICOP)

127.00

60.00

08

Industrial Estate, Kathua (SICOP)

148.80

32.50

09

IGC Samba, Phase-I (SIDCO)

773.60

288.31


Although the number of Small Scale Industrial units in the State has gone up. There are cases of sickness of units with some of them having become non-functional and others simply untraceable due to a number of reasons like financial crunch, law and order problem, marketing problem, non-availability of raw material and migration. The comparisons of functional units thrown out by industrial census 2001-02 and 2006-07 are indicated in the table below:-


Status of SSI Units

Particulars

Census 2001-02

Census 2006-07
(quick estimates)

Total Units Surveyed

37334

20359

Functional Units

14625

14534

Closed/ untraceable Units

22709

5825

Source: Third Census of Small Scale Industries (2001-02)

Rehabilitation of Sick SSI units
For rehabilitation of sick units, the State Govt. has accepted to provide soft loan to the extent of 30% of total requirement to potentially viable Sick units for their revival under Rehabilitation Policy. The number of such units has been identified to be 158. Out of these units, 71 units have been approved by SLRC involving an amount of Rs.1517.91 lakh. Out of these, 24 cases have been sanctioned involving a soft loan of Rs.369.38 lakh by the State Level Rehabilitation Committee.
Prime Minister's Employment Generation Programme (PMEGP)
The Government of India, Ministry of MSME, New Delhi are funding a Credit Linked Subsidy Scheme called "Prime Minister's Employment Generation Programme (PMEGP)" for generation of employment opportunities through establishment of Micro units in Rural as well as in Urban areas. This scheme is being implemented by three agencies viz KVIB of State and KVIC of Center in Rural areas and DICs in both Urban and Rural Areas. The targets and achievement made by KVIB & DICs during 2011-12, 2012-13 & 2013-14 and 2014-15 (ending Nov.,2014) is detailed as under:-

Table No 8: Targets & Achievements during 2011-12, 2012-13, 2013-14&ending Nov.2014 under PMEGP (Rs in Lakh)

Year

Target

Achievement

DIC

KVIB

DIC

KVIB

No. of projcts

Margin Money involved

Emp Generation

No. of projcts

Margin Money involved

Emp Generation

Cases sanctioned

Margin Money involved

Emp Generation

Cases sanctioned

Margin Money involved

Emp Generation

2011-12

390

-

3900

409

572.29

4090

967

1448

4396

1224

1736.8

10251

2012-13

290

1053.5

2320

304

700.4

2432

922

1929.5

5396

738

1251.2

867

2013-14

1126

1347.5

9012

1184

1414.9

9472

481

909.47

3004

1173

1875.7

7621

2014-15
(ending
Nov.2014)

1127

1347.5

9016

1184

1414.9

9472

187

330.32

793

484

810.91

3219

   
     
     
     
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Mr. Parvez Ahmed
Chairman & Chief Executive Officer
Convenor J&K SLBC
The Jammu & Kashmir Bank Ltd.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India
Phone: 0194-2481900,

Fax:0194-2481902

Mr. Vagish Chander Sharma
Executive President,
Personnel & HRDD/ Trainings, Disciplinary Deptt, Management of Board Secretariat,
FSD/ Insurance, JKGB Management, Customer Care/ Compliance/ KYC/ AML, Lead Bank, FID/CSC.
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Jammu and Kashmir, India

Telephone/ Fax: 0194-2502614/ 2502615
Ext. No: 1450, 1451
Cell No: 9479176977
Email: vc.sharma@jkbmail.com  

Mr. Rakesh Gandotra
Vice President,
Lead Bank Department, Financial Inclusion Department / Common Services Centre, Strategy & Business Development Division.
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Jammu and Kashmir, India

Telephone/ Fax: 0194-2502639
Ext. No: 1139
Cell No: 9815922320/ 9810642320
Email: rakesh.gandotra@jkbmail.com  

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J&K State Level Bankers' Committee (SLBC)
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Jammu and Kashmir, India

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