JK industrial units to get more subsidy
New Delhi, Dec 15: The Union Cabinet Wednesday approved modifications in the central capital investment subsidy schemes under the industrial packages available to J&K and the North Eastern Region (NER).
Under the modified scheme, the capital investment subsidy for the Micro, Small and Medium Enterprises (MSME) units in J&K will be enhanced to 30 per cent of the investment on plant and machinery against 15 per cent available at present, at par with the units in the NER.
The subsidy for MSME units in Jammu and Kashmir for investment in plant and machinery will be raised from 15 to 30 percent at par with the North East region.
These units in both Jammu and Kashmir and North East will now be eligible to claim subsidy for expansion not exceeding ten crore rupees for manufacturing sector and five crore for service sector units.
The scheme is part of the industrial packages announced for Jammu and Kashmir in 2002 and North East region in 2007 for boosting industrialisation in these States.
These states are already enjoying hundred percent exemptions on excise duty and Income Tax as well as three percent interest subsidy on working capital loan.
Lastupdate on : Wed, 15 Dec 2010 21:30:00 Makkah time
Lastupdate on : Wed, 15 Dec 2010 18:30:00 GMT
Lastupdate on : Thu, 16 Dec 2010 00:00:00 IST
- MORE FROM BUSINESS
ZAHID FAROOQ KILLING
Srinagar, Dec 15: The High Court on Wednesday deferred the Zahid Farooq murder case till tomorrow after it heard half of the arguments of the state government challenging the lower court’s transfer order More
- Srinagar City
FESD contests public complaints; Affected families complain of Govt apathy
GK NEWS NETWORK
Srinagar, Dec 15: For years the residents of the tourist hub of Dalgate have been demanding establishment of a fire station in the area. But the authorities not only failed to meet their demand, they even More
Kathua: A local court on Wednesday sent Kashmir High Court Bar Association president, Mian Abdul Qayoom to ten days judicial remand. Qayoom was re-arrested, from outside Kot Bhalwal Jail, Jammu, immediately More
- News in Brief
Srinagar: Mother of dramatist, Mushtaq Ahmad Khan, passed away at her residence at 434-Jawahar Nagar here on Wednesday, family said. They said her Fateh Khawani would be held on Saturday at 11 AM More
GK NEWS NETWORK
Srinagar, Dec 15: Chief Minister Omar Abdullah has appreciated the efforts of J&K Bank in offering state-of-the-art facilities to the students of rural districts of Rajouri and Poonch. “By bringing More
NISAR AHMED THOKAR
Islamabad, Dec 15: The Pakistan Administered Kashmir Information Minister, Dr. Mehmood Riyaz has said that “there was a great understanding within the international community that a just and equitable More