‘Ease of Doing Business’ Prioritized in Jammu and Kashmir for Young Startups
In it’s bid to boost ease of doing business in Jammu & Kashmir state and giving a major relief to young entrepreneurs of the State, the state government of Jammu and Kashmir decided to do away with cumbersome process of seeking No Objection Certificates (NoCs) from different Departments for setting up a unit. The new process will simplify it with a one page declaration at the time of setting up a unit.
This was decided in a high level meeting chaired by Chief Minister Mehbooba Mufti.
As per the decision taken, any entrepreneur would be required to fill in a single page declaration form only instead of going after Departments for issuing NoC before starting a unit.
However, the applicant would have to seek NoCs from Pollution Control Board and Electricity Department which also have to issue the same within 60 and 30 days respectively after which these Departments would be presumed to have issued NoCs in favour of the unit holder.
The meeting was convened by the Chief Minister in the backdrop of a session she had with some young entrepreneurs from different parts of the State on Saturday last.
During the meeting the young entrepreneurs, most of them trained by EDI, flagged many of the problems, including the cumbersome process of seeking NoCs from different Departments, which were coming in their way of setting up their units successfully.
The CM had assured them to look into their grievances and convene a high level meeting shortly for redress of their issues. Minister for Finance, Dr Haseeb Drabu was also present in the meeting.
Another major decision taken in the meeting was to set up a specialised unit of JK Bank at EDI to facilitate the trained entrepreneurs in a single window mechanism by hassle free credit.
Similar special desks and units would be set up at regional and district levels by the JK Bank, the meeting was told. This would facilitate the entrepreneurs in easy accessibility to credit without going from one branch to another.