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. 2331 Projects for an amount of 6413.27 crore has been approved, out of which 708 projects for an amount of Rs 938.41 crore have been completed. JKIDFC has successfully funded 1449 projects in 2633 payments for an amount of Rs 1171.380 crore.
"ARTICLES OF ASSOCIATION" THE JAMMU & KASHMIR INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED" .