Special fund for interest subvention set up

Srinagar, May 18: Union Ministry of Commerce and Industry has set up a special fund for interest subvention on inventory support.
 The Kashmir Chamber of Commerce and Industry today said it has received a communication from the union ministry informing it that it has set up a special fund for interest subvention on the inventory support. The chamber said allocation of special fund of Rs 30 crore interest subvention for inventory support to the handicraft sector has been set up by the ministry. It said 2 per cent interest subvention has been provided till 31st March 2011 and also for all SMEs etc.  “Interest subvention for domestic production not related to exports is beyond the scope of Department of Commerce,” it said.

Lastupdate on : Wed, 18 May 2011 21:30:00 Makkah time
Lastupdate on : Wed, 18 May 2011 18:30:00 GMT
Lastupdate on : Thu, 19 May 2011 00:00:00 IST



  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Code Image  Load New Code
Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

Interlocutors working closely with JK Govt: Padgaonkar

GK NEWS NETWORK

Srinagar, May 18: Interlocutors appointed by New Delhi to hold deliberations with various shades of opinion in Kashmir on Wednesday said they were working closely with the state government to ensure that More


  • Srinagar City

Forgotten Budshah bridge tunnel can facilitate pedestrian movement

Officials ‘discover’ subway between Lal Chowk and Maisuma; R&B forgets walkway revamp

GK CITY REPORTER

Srinagar, May 18:  In the congested City centre, which has no zebra crossings or other apparent decent means of pedestrian crossways, a tunnel beneath the Budshah Bridge can provide comfortable crossing More



  • Jammu

Ahead of Sonia visit, Cong divide wide and open

RAJEEV SHARMA

Jammu, May 18: Factionalism-ridden state unit of the Congress is gearing up for the upcoming visit of UPA chairperson and AICC chief Sonia Gandhi to the state. She is arriving at Basohli in Kathua district More


  • Briefs

SSM engineering students appeal KU

Srinagar: The students of SSM College of Engineering appearing in BE third semester examination through Kashmir University have complained that their question paper was ‘out of syllabus.’  A group More


  • Business

2 fertilizer godowns coming up in JK

Min stresses for early completion

GK NEWS NETWORK

Jammu, May 18: Minister of state for Cooperatives, Dr Manohar Lal Sharma today called for early completion of two 100 MT fertilizer godowns under centrally sponsored Rashtriya Krishi Vikash Yojana Scheme More


ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions