The State Government today issued order for implementation the Healthcare Investment Policy-2019. This follows the State Administrative Council decision taken in this regard on March 8.
As per the new Health Care Investment Policy, the Governmentof Jammu & Kashmir will promote and encourage the private parties andentrepreneurs to set up healthcare infrastructure in the state by providingsubsidies and incentives. Accordingly, 30 percent subsidy on capital investmentwill be provided for setting up of multi-speciality Hospitals, Super SpecialtyHospitals, Medical Colleges, Nursing Colleges and Paramedical Colleges.
Interest subsidy shall be provided @ 5% per annum on termloan subject to a ceiling of Rs 15 lakh per year for a period of five yearsfrom the date of operationalization of the project. Also, the subsidized powertariff rates shall apply as applicable to Industries Sector. 100 % subsidy onpurchase and installation of DG sets with an upper ceiling of Rs 45 lakh.
For availability and allotment of land, the policyenvisages, State Government shall through the J&K SIDCO and J&K SICOPas facilitators create the land bank and allot the land on the premium rates asapplicable under Industrial Policy 2016.
Further, as per the Policy, one-time subsidy up to 25% ofthe cost incurred on imparting training to the Nurses and Paramedical staffwill be provided by the State Government. Moreover, single window clearancemechanism shall be adopted for processing the project proposals with final approvalto be accorded by Apex Level Project Clearance Committee (ALPCC).
The State Government, as per the policy, may declare awell-defined geographical area having potential and being conducive fordevelopment as Medical City to promote medical tourism in the state.