J&K records historic Rs 5,824 Cr investments in FY25-26: Govt

Srinagar, Apr 30: Jammu and Kashmir in Financial Year 2025–26 alone has grounded investments of ₹5,824.42 crore—over 13 times the average annual investment from 2014-2021 and the highest ever recorded in a single financial year in J&K’s history, an official statement of the Industries and Commerce Department said.

“This momentum reflects a sustained trajectory: Rs 2,153 crore in FY 2022–23, Rs 3,389 crore in FY 2023–24 and Rs 4,145 crore in FY 2024–25. “For the first time, J&K is witnessing the grounding of multiple anchor investments exceeding ₹2,513 crore have been extended to industry under various heads, including NCSS, GST reimbursement, PMEGP, and other schemes of the Industries & Commerce Department. Reiterating the commitment of the Industries & Commerce Department in MSME formalisation, there has been substantial growth in Udhyam registrations. which has surged from just 0.24 lakh in 2021 to 6.16 lakh in FY 2025–26, with all 7.1 lakh MSME registrations set to be completed within the current financial year, the statement said.

“J&K has been recognised as a Top Achiever in Ease of Doing Business, ranking 5th nationally under BRAP 2024, based on DPIIT’s independent stakeholder feedback. Reform implementation has surged from 0.30% in 2016 to 100% compliance under BRAP 2024. Reflecting procedural efficiency, nearly 79% of over 8.11 lakh applications received have been approved, 89% within timelines, while rejections remain below 5%.”

“Identifying the startup ecosystem as a focus area and a key growth engine for innovation-led economic development, there has been a sharp surge in the setting up of entrepreneurial projects with 1,305 startups registered with EDI till FY 2025-26, as compared to only 69 in 2020. As many as 816 startups were registered with JKEDI in FY 2025–26 alone. The New Startup Policy 2024 is operational, with funding support extended to 25 startups and 4 incubators,” it said.

The UT offers highly concessional industrial land coupled with one of the lowest power tariffs in the country, creating a strong cost-competitive environment for industrial enterprise. “Industrial land is offered at premiums ranging from Among the major reforms proposed in the new industrial policy are “Single Certificate of In-principle Approval on self-declaration with defined grace period to secure all statutory clearances”, which will greatly reduce procedural delays, as announced by Chief Minister in his Budget Speech. “The other major reform is the revival of sick SMEs, which shall be made eligible for the same incentives as new units under the prevailing policy framework and RBI guidelines.”

The Union Territory has introduced its first-ever MSME Health Clinic to revive stressed units through customised, sector-specific interventions. To broaden access to finance, an MoU has been signed with the National Stock Exchange to enable J&K enterprises to tap national capital markets, while the MSME Facilitation Council, Jammu, has been recognised with the MSEFC Excellence Award by the Government of India for effective resolution of MSME disputes and delayed payment cases—outcomes that point to strengthening institutions rather than systemic fragility. Sustained Excellence in Execution of Flagship Government of India Initiatives J&K has registered strong performance under various national schemes, which further validates the progress it has achieved. Under PM Gati Shakti, J&K has emerged among the top five states/ UTs, integrating 676 GIS layers and mapping 51 major infrastructure projects with an investment outlay of ₹5,000 Cr.

Under ODOP initiative, J&K secured the National Gold Award for the second consecutive year in 2024, reaffirmed in 2025, reflecting a sustained value-chain development and artisan support. As many as 73,524 units have been established in last 5 years under PMEGP. “J&K has ranked No.1 for three successive years while exceeding FY 2025-26 targets both in employment generation and margin money utilisation,” the statement said.