Lieutenant Governor Manoj Sinha
The Jammu and Kashmir government last week handed over a cheque of Rs 250 crore to Jammu and Kashmir Bank as the second instalment of 5 per cent Interest Subvention under Economic Package, as Covid-19 relief for the business sector.
Till date, around 3.41 lakh small and big business establishments have availed the benefits of the Interest Subvention. Highlighting the initiatives taken by the government for bringing reforms in the economic sector in J&K, the Lieutenant Governor Manoj Sinha said that an amount to the tune of Rs 264 crore was disbursed as financial assistance to 16,800 youth identified to become entrepreneurs under the
Investors knocking at doors of J&K, influx likely after April: Sinha Rs 250 cr released for interest subvention
Sanjeev Pargal
JAMMU, Feb 10: Lieutenant Governor Manoj Sinha said today that large numbers of investors are knocking the doors of Jammu and Kashmir for investments following approval of Industrial Policy and there could be huge crowd of investors after April for which the Land Policy has been drafted and approved by the Administrative Council.
In a brief media-interaction at Raj Bhawan this afternoon, Sinha, responding to a question, said many investors have been knocking the doors of Jammu and Kashmir after announcement of the Industrial Policy.
Lt Governor hands over cheque of Rs 250 crore to J&K Bank.
Lt Governor hands over cheque of Rs 250 crore to J&K Bank as second installment of 5% Interest Subvention
JAMMU: Lieutenant Governor, Manoj Sinha today handed over a cheque of Rs 250 crore to Jammu and Kashmir Bank as second installment of 5% Interest Subvention under Economic Package, as a relief for the business sector in J&K.
While interacting with the media persons on the occasion, the Lt Governor observed that around 3.41 lakh small and big businessmen and business establishments have availed of the benefits of the Interest Subvention.
We will continue to release the Interest Subvention part as and when we receive the request, the Lt Governor added.