J&K Govt approves 5% interest subsidy for flood-hit traders

 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