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Jammu & Kashmir Infrastructure Development Finance Corporation (JKIDFC)

After Identification of over 6000 Languishing projects in July 2018, Government of Jammu & Kashmir came up with a creative idea of establishing Jammu & Kashmir Infrastructure Development Finance Corporation (JKIDFC) to raise loans up to Rs 8,000 crore to fund completion of these projects. For servicing of the loans raised from various Financial Institutions/Nationalized Banks, dedicated Revenue Streams of Road Tax, Electricity Duty, Toll Tax, Timber Extraction and Water Connections have been streamlined for JKIDFC in particular. 2357 Projects for an amount of 7109 crore has been approved, out of which 1507 projects for an amount of Rs 2504 crore have been completed.

"ARTICLES OF ASSOCIATION" THE JAMMU & KASHMIR INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED" .