<span style="color: #222222;">In the Union Territory of Jammu and Kashmir, Lieutenant Governor Manoj Sinha today announced an economic package of Rs 1350 crore for Jammu and Kashmir in a bid to boost the business and the other ailing sectors that have suffered huge losses for several years in the newly formed Union Territory.<br />''<br />''Addressing a press conference in Srinagar  today, LG Sinha said that this is additional to the benefits of Atma Nirbhar Bharat and other measures taken by the government to comfort the business community.<br />''<br />''He said that it has been decided to give 5% interest subvention to every borrower from the business community, without any conditions for six months in the current financial year.<br />''<br />''This will be a huge relief and help in generating employment," he added. Under the credit card scheme, LG Sinha said that the government has decided to extend the maximum limit of Rs 1 lakh to Rs 2 lakh for people working in the handloom and handicraft industry.<br />''<br />''He further informed that a 50 per cent discount will be given for a year in electricity and water bills and Stamp duty has been exempted up to March 2021 for all the borrowers.</span><br />