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| SLC sanctions interest subsidy of Rs 7.54 cr for Jammu, Rs 2.02 cr for Kashmir | | |  Early Times Report
Srinagar, Sept 10: The State Level Committee (SLC) for sanctioning subsidy cases under Central Package, sanctioned Rs 7.54 crore for Jammu division and Rs 2.02 crore for Kashmir division, an official Spokesperson said Thursday evening.
He further said that Commissioner Secretary, Industries and Commerce Department, Manoj Kumar Dwivedi, chaired separate meetings of the State Level Committees (SLCs) for sanctioning of subsidy cases under the Central Package of Incentives besides approval to 30 per cent Central Capital Investment Incentive for Access to Credit (CCIIAC) under Industrial Development Scheme (IDS) respectively here.
He stated that the Committees sanctioned cases of three per cent Interest Subsidy and 30 per cent CCIIAC amounting Rs 7.54 crore for Jammu Division and Rs. 2.02 crore for Kashmir Division.
Mr Dwivedi exhorted upon the concerned officers to further 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 Anoo Malhotra deliberated upon 43 subsidy cases pertaining to three per cent Interest Subsidy and 30 per cent CCIIAC under IDS while Director, I&C Kashmir deliberated upon five subsidy cases of Kashmir Division.
The SLC was apprised that the maximum pendency has been cleared and directions have been issued to General Managers to clear the pendency at DIC level.
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