Rs 8.24 cr subsidy claims of industries approved by J&K Admin

ZT NEWS NETWORK

JAMMU: Jammu and Kashmir administration on Thursday cleared various subsidy claims of industrial units in Jammu and Kashmir, out of which Rs. 7.66 crore were approved for Jammu Division and Rs. 58.13 lakh for Kashmir.

Commissioner Secretary, Industries & Commerce Department, Manoj Kumar Dwivedi, chaired separate 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 the Industrial Development Scheme (IDS) here today.

The Committees sanctioned cases of 100% Insurance Subsidy, 3% Interest Subsidy and 30% CCIIAC amounting Rs. 7.66 crore for Jammu Division and Rs. 58.13 lakh for Kashmir Division.

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 Mangers of concerned DIC’s and officers of Directorate of Industries & Commerce, Jammu attended the meeting.

Director, Industries & Commerce, Kashmir, Mehmood Shah, along with officers of Directorate of Industries & Commerce, Kashmir and General Manger JKDFC, Gowhar Arif attended the meeting through video conferencing. The Managers of the financing Banks also participated in the SLC meeting for Sanctioning of Subsidy cases under IDS.

Director I&C, Jammu, deliberated upon 64 subsidy cases pertaining to 3% Interest Subsidy, 100% Insurance Subsidy and 30% CCIIAC under IDS while Director, I&C Kashmir, deliberated upon 07 Subsidy cases of Kashmir Division.

Chairman SLC stressed upon clearing of all pending cases under the Central Package at the earliest and gave directions for conducting SLC meetings on regular intervals to clear the pendencies. He asked to ease out the process for sanctioning and disbursement of subsidy in order to shorten the duration from the date of application of subsidy in DIC and its disbursement.

Director I&C, Jammu apprised the SLC that the maximum pendency has been cleared and directions have been given to General Managers regarding clearance of all the pendencies at DIC level.