The Cabinet Committee on Economic Affairs recently approved the Central Sector Scheme for Industrial Development of J&K. The scheme seeks to boost employment and skill development to enable socio-economic development of the region. It has various incentives like capital investment incentive, GST linked incentive, working capital interest incentive, etc. The scheme seeks to take industrial development to the block-level- a first for any industrial incentive scheme in India. The scheme has an outlay of 28,400 crore INR up to 2037.