Of Rs 28,400 cr total outlay, Rs 648.51 cr released for 2,929 claims
- Rs 223.34 cr released in FY26
- 2,346 applications, 918 registrations
Ovaise Gul
Srinagar, May 15: The industrial push in Jammu and Kashmir has gained momentum with the figures revealing that a total of Rs 648.51 crore has been released for 2,929 claims till December 31, 2025.
According to the Annual Report 2025-26 of the Ministry of Commerce and Industry’s Department for Promotion of Industry and Internal Trade (DPIIT), available with Rising Kashmir, the Government of India (GoI) has released Rs 648.51 crore under the New Central Sector Scheme (NCSS), 2021, for Industrial Development of Jammu and Kashmir till December 31, 2025.
“Out of the total financial outlay of Rs 28,400 crore, a total amounting to Rs 648.51 crore for 2,929 claims has been released,” the report reveals, adding that a total of 2,346 applications were received on the online portal under the industrial development scheme, out of which 918 units were granted registration by the authorities.
The NCSS, notified on February 19, 2021, was launched to accelerate industrial growth and strengthen the investment ecosystem in Jammu and Kashmir. The scheme is operational for the period from 2021-22 to 2036-37 with a total financial outlay of Rs 28,400 crore.
The initiative, jointly executed by the Government of India and the UT government, is fostering investment, job creation, and overall economic growth in the region.
As per the report, the scheme offers four major incentives to industrial units, including Capital Investment Incentive, Capital Interest Subvention, GST Linked Incentive and Working Capital Interest Subvention.
The government said the incentives are aimed at attracting fresh investments, creating employment opportunities and supporting industrial and services sector growth in the Union Territory.
The report further mentioned that during the current financial year 2025-26, an amount of Rs 223.34 crore was released against 772 claims out of the total budget allocation of Rs 400 crore till December 31, 2025.
Officials said the scheme is intended to bring a “radical transformation” in the industrial ecosystem of Jammu and Kashmir and help the Union Territory compete at the national level in terms of industrial development and investment generation.