J&K CM approves Rs 3 Crore for tourism incentive package

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3 Nov 2010
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Omar Abdullah, Chief Minister for Jammu and Kashmir, recently approved an additional allocation of Rs three crore for the J&K Tourism Department which could be enhanced to Rs five crore at the time of revised estimates. According to a report by Greater Kashmir, the amount has been granted under the package of incentives for tourism to develop tourism infrastructure in under-developed areas and give impetus to the economic activities, besides generating employment for people.

The Chief Minister also gave the nod to the revised incentive rules prepared by the Tourism Department in consultation with the Planning and Development Department to bring more suitable areas under the ambit of the incentive package. Approving the proposal to this effect, Abdullah said that under a comprehensive incentive package, opportunities of self-employment for a large number of people would be created across the State in the tourism sector, besides opening venues for wide-ranging economic activities.

The incentives under the package include subsidy on capital investment, subsidy for new prestigious units, support to Adventure Tourism and Recreation Tourism, subsidies for facilities and equipment, purchase of tourist coaches, upgradation of vehicles, creation of paying guest accommodations, and travel agencies.

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