Operational guidelines for registration of units under new central sector scheme for industrial development of Jammu and Kashmir.

Apr 16, 2021 | by TeamLease RegTech Legal Research Team

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Commercial Compliance

The Jammu and Kashmir Government on April 01, 2021 has issued a notification for the operational guidelines for registration of units under new central sector scheme for industrial development of Jammu and Kashmir.  

The following operational guidelines have been given: 

• Registration shall commence from April 01, 2021 and shall end on September 30, 2024. 

• All application for registration shall be disposed off by March 31, 2025 unless otherwise extended. 

• The applicant unit willing to avail incentive(s) under the scheme has to apply for registration through online portal jknis.dipp.gov.in in the forms enclosed at Annexure I along with the mentioned documents. 

• Merely submitting application for registration will not entitle any applicant for registration under the scheme. The following shall be taken into consideration for granting registration to the unit under the scheme:

1. Application submitted through on-line portal with all the details required therein along with all the documents with their correctness. 

2. Detailed Project Report, Bank Appraisal Report.

3. Eligibility of the unit. 

4. Fixed Financial Assets, availability of land, required power connection, adequate required infrastructure to run the unit, source of finance, employment generation potential and sustainability to run unit.

5. Submission of required documents from the authorized authority to run the unit.

6. Unit should not be blacklisted by any authority under the law or bankrupt or declared NPA. 

7. Any other information/documents required by the registering authority.

• No unit will have the right to register under this scheme or claim the benefits unless it is specifically approved by the registering authority. The following committees are designated for approval of grant of registration of the unit under the scheme. 

 


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