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Interest subvention incentive provides oxygen to COVID-affected MSMEs in J&K [Details]


Unemployment on decline in J&K
Baldev Singh, a businessman of Kashmir, has reason to term the J&K Government s third installment of the economic package as Eid Gift because this step is going to provide the much-needed metaphorical Oxygen to the COVID affected trade and industrial sectors of the Union Territory.
Lieutenant Governor of J&K Manoj Sinha, on May 6 had approved the release of additional Rs 250 crore as interest subvention under economic package for revival of business and industry in J&K. He had handed over a cheque of the said amount to Jammu and Kashmir Bank Limited as the third installment of the five percent interest subvention. ....

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FCIK Calls On LG Sinha, Hails His Vision For Creating Entrepreneur Friendly Industrial Ecosystem


FCIK Calls On LG Sinha, Hails His Vision For Creating Entrepreneur Friendly Industrial Ecosystem
FCIK Calls On LG Manoj Sinha on Saturday, February 6, 2021.
“The September 25th financial package gave hope to the entrepreneurs of J&K to run their business. Even in today’s meeting assurances by LG and Patient hearing during deliberations and presentation of demands over the present industrial scenario is praiseworthy,” President FCIK Shahid Kamli said in a statement after meeting LG Manoj Sinha in Rajbhawan Jammu.
FCIK administrative council delegation led by President Kamli apprised the LG about the present scenario of the industry which is ailing since 2009 and immediate action by the government required to save the industry which is employing lacs of skilled and unskilled in the valley. ....

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