Jammu and Kashmir government on 27 April 2016 approved five percent interest subvention to flood-hit traders with effect from 1 April 2016.
- The decision will bring a major relief to September 2014 flood hit traders and business units.
- The interest subsidy will have a cap of five lakh rupees per unit for a period of four years, that is, up to 31 December 2020.
- The decision was taken at a Cabinet meeting chaired by Chief Minister Mehbooba Mufti in Jammu.
Jammu and Kashmir :
Capital -Jammu (October–March) ,Srinagar (March–October)
Districts- 22
Government-
• Governor- Narinder Nath Vohra
• Chief Minister- Mehbooba Mufti (PDP)
• Deputy Chief Minister - Nirmal Kumar Singh (BJP)
• Legislature - Bicameral (87 + 36 seats)
• Parliamentary constituency- Rajya Sabha 4, Lok Sabha 6
Area rank- 5th
Population Rank - 19th