2,346 units registered, 6,376 incentive claims filed
918 units granted registration, 1,204 under process, 224 rejected
Srinagar, Jun 22: The New Central Sector Scheme (NCSS) has pushed a massive industrial growth in Jammu and Kashmir, with the figures revealing that 2,346 industrial establishments are registered under the scheme and incentive claims crossing the 6,300 mark.
According to an official data prepared by the Department for Promotion of Industry and Internal Trade, accessed by Rising Kashmir, a total of 2,346 industrial establishments have applied for registration under the scheme. Of these, 918 units have been granted registration, while 1,204 applications (Jammu 780; Kashmir 424) are under process, and 224 (Jammu 88; Kashmir 136) have been rejected.
Jammu division has emerged as the leading destination for industrial investments, accounting for 1,463 applications, compared to 883 from Kashmir division. Jammu has also secured 595 approved registrations, while 323 registrations have been granted in Kashmir.
The data indicates that new industrial units constitute the largest share of investments, with 1,378 establishments comprising 901 in Jammu and 477 in Kashmir. Existing units account for 781 establishments, including 439 in Jammu and 342 in Kashmir, while 187 units have undertaken substantial expansion projects, with 123 in Jammu and 64 in Kashmir.
Sector-wise, the manufacturing sector dominates the industrial landscape, attracting 1,939 applications, while the services sector accounts for 407 applications, underscoring the scheme’s focus on strengthening production-led growth.
The incentive component of NCSS has also witnessed substantial uptake. A total of 6,376 claims have been received from industrial units, including 3,979 from Jammu and 2,397 from Kashmir. Of these, 3,563 claims (Jammu 2,144; Kashmir 1,419) have been approved, 2,698 (Jammu 1,748; Kashmir 950) are under process, and 115 (Jammu 87; Kashmir 28) have been rejected.
Further, 1,948 claims, including 1,139 from Jammu and 809 from Kashmir, have already been disbursed, providing timely financial assistance to eligible enterprises. Among the incentive categories, GST-linked incentives recorded the highest number of claims at 2,983, followed by Working Capital Interest Subvention (1,991), Capital Interest Subvention (1,068) and Capital Investment Incentive (334).
Officials said the response to the scheme reflects the success of efforts aimed at creating a conducive investment environment in Jammu and Kashmir. The steady rise in registrations, establishment of new units and disbursement of incentives is expected to boost industrial output, generate employment and contribute to the Union Territory’s long-term economic growth.
