Srinagar, Aug 9: In a major concern, 16 per cent of the industrial units in J&K have turned sick.
 Quoting Reserve Bank of India finding, the Economic Survey 2011-12 says that of the 19621 Small Scale Industrial (SSI) units, 3151 are sick.
 The report says that some of the sick units have become non-functional due to a number of reasons like financial crunch, law and order and marketing problem.
 The report says the state government has accepted to provide soft loan to the extent of 30 per cent of total requirement to potentially viable sick units for their revival under its Rehabilitation Policy.
 The number of potentially viable sick units, report says, has been identified to be 418— 330 in Kashmir and 88 in Jammu region. “Out of these, 66 units have been approved by State Level Rehabilitation Committee (SLRC) involving an amount of 876.3 lakh.”
 “31 cases have been sanctioned and disbursed Rs 366.36 lakh soft loan by the SLRC.” Giving the break-up of units found potentially viable for revival, the report says that among the 330 sick units in Kashmir valley, 142 are in Srinagar and 73 in Islamabad (Islamabad (Anantnag0). Baramulla has 47 sick units and Pulwama 28. Kupwara has 12 units.
 Out of 88 units identified for revival in Jammu region, 49 are in Jammu, 18 in Udhampur, 7 in Samba, two each in Doda and Poonch and five each in Kathua and Rajouri districts.

Lastupdate on : Thu, 9 Aug 2012 21:30:00 Makkah time
Lastupdate on : Thu, 9 Aug 2012 18:30:00 GMT
Lastupdate on : Fri, 10 Aug 2012 00:00:00 IST