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State of Jammu-Kashmir - Section

Section 14 in The Constitution of Jammu and Kashmir

14. Economy of the State to be developed in a planned manner.

- Consistently with the objectives outlined in the foregoing section, the State shall develop in a planned manner the productive forces of the country with, a view to enriching the material and cultural life of the people and foster and protect -
(a)the public sector where the means of production are owned by the State ;
(b)the co-operative sector where the means of production are co-operatively owned by individuals or groups of individuals; and
(c)the private sector where the means of production are owned by an individual or a corporation employing labour ;
provided that the operation of this sector is not allowed to result in the concentration of wealth or of the means of production to the common detriment.