Principal Secretary I&C holds SLC meets regarding sanctioning of subsidy cases under CPI, approval of 30 % CCIIAC under IDS

SLC sanctions cases of 100 % Insurance Subsidy, 3 % Interest Subsidy, 30 % CCIIAC amounting Rs 11.38 crore for J&K

SRINAGAR, JUNE 23: Principal Secretary, Industries & Commerce Department, Ranjan Prakash Thakur, today chaired separate meetings of State Level Committee (SLC) regarding sanctioning of subsidy cases under the Central Package of Incentives (CPI) besides approval of 30 per cent Central Capital Investment Incentive for Access to Credit (CCIIAC) under Industrial Development Scheme (IDS-2017).

The SLC sanctioned cases of 100 per cent Insurance Subsidy, 3 per cent Interest Subsidy and 30 per cent CCIIAC amounting Rs. 11.38 crore for Jammu & Kashmir.

Director Industries and Commerce, Jammu, Anoo Malhotra and Director Industries and Commerce, Kashmir, Tazayun Mukhtar presented 33 subsidy cases pertaining to 3 per cent Interest Subsidy, 100 per cent Insurance Subsidy and 30 per cent CCIIAC under IDS.

Principal Secretary stressed on all the General Managers to clear the backlog of cases pending in their respective DICs so that maximum number of units are provided incentives during the pandemic COVID period to boost economic activities in the Union Territory.

Director along with officers of Directorate of I&C, Jammu; Director Finance I&C R C Kotwal, Chairman Federation of Industries, Jammu, Rattan Dogra, representatives of JKDFC and Banks, General Managers of DIC Jammu, Kathua, Samba and Udhampur attended the meeting online from Jammu.