Dwivedi chairs State Level Committee meeting, clears Rs 12.43 cr subsidy claims


JAMMU, Jan 16: Commi-ssioner Secretary, Industries &Commerce Department, Manoj Kumar Dwivedi, chaired meetings of State Level committees for sanctioning of subsidy cases under the Central Package of Incentives & sanctioning of 30% Central Capital Invest-ment Incentive for Access to Credit (CCIIAC) respectively under Industrial Develop-ment Scheme (IDS) here today. The Committees sanctioned cases of 100% Insurance Subsidy, 3% Interest Subsidy and 30% CCIIAC amounting Rs. 10.59 crore for Jammu Division and Rs. 1.84 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 1 subsidy case from district Udhampur. However, 1 case from district Jammu amounting Rs 5.00 crore was deferred for want of original documents.
Director, Industries & Commerce, Kashmir, deliberated upon 15 subsidy cases of Kashmir division which included 5 subsidy cases from Pulwama, 3 from Budgam, 6 from Srinagar and 1 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 & development and directed for conducting SLC meetings on regular Intervals to clear the pendency.

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