J&K Govt clears Rs 12 cr subsidy cases of industrialists



Comm Secy Industries chairs committee meet

BK News

Jammu, Jan 16: Jammu and Kashmir (J&K) Government Saturday cleared Rs 12-43 crore subsidy claim cases of industrialists.

Commissioner Secretary, Industries & Commerce Department, Manoj Kumar Dwivedi, chaired meetings of State Level committees for sanctioning of subsidy cases under the Central Package of Incentives and sanctioning of 30% Central Capital Investment Incentive for Access to Credit (CCIIAC) respectively under Industrial Development Scheme (IDS) here on Saturday.

The committees sanctioned cases of 100% Insurance Subsidy, 3% Interest Subsidy and 30% CCIIAC amounting Rs 10.59 crore for Jammu Division and Rs1.84 crore for Kashmir Division.

Director Industries & Commerce, Jammu deliberated upon 48 subsidy cases pertaining to 3% Interest Subsidy, 100% Insurance Subsidy and 30% CCIIAC under IDS which included 22 subsidy cases from district Jammu, 15 subsidy cases from district Samba, 10 subsidy cases from district Kathua and one subsidy case from district Udhampur. However, one case from district Jammu amounting Rs 5 crore was deferred for want of original documents.

Director, Industries & Commerce, Kashmir, deliberated upon 15 subsidy cases of Kashmir division which included five subsidy cases from Pulwama, three from Budgam, six from Srinagar and one subsidy case from Baramulla districts.

In view of the New Industrial Policy, Dwivedi stressed upon Bankers to facilitate the Investors and be the partners in Industrial growth and development and directed for conducting SLC meetings on regular Intervals to clear the pendency.

Director, Industries & Commerce, Jammu, Anoo Malhotra, Director Finance R C Kotwal, representative of Director General Accounts & Treasuries Mohammad Iqbal Ganaie, Chairman, Federation of Industries, Jammu, Lalit Mahajan, Manager J&KDFC Jammu along with General Managers of concerned DICs and officers of Directorate of Industries & Commerce, Jammu attended the meeting. The Managers of the financing Banks also participated in the SLC meeting for Sanctioning of Subsidy cases under IDS.

Director, Industries & Commerce, Kashmir, Mehmood Shah along with officers of Directorate of Industries & Commerce, Kashmir and Gowhar Arif, General Manager JKDFC attended the meeting through video conferencing from Srinagar.

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