Excelsior Correspondent
JAMMU, Feb 15: Federation of Industries Jammu (FoIJ), has demanded 5 per cent interest subvention relief for all the industrial units even those having credit facility from the private/ public sector banks in J&K UT.
Chairman of the Federation Lalit Mahajan, in a press statement drew the attention of Lt. Governor towards Govt. Order No-274-FD-2020 dated 01-10-2020 by the virtue of which 5% Interest Subvention relief was granted to all the Industrial Units located within the Union Territory of Jammu & Kashmir whereas, no such relief is being provided to number of Industrial units working in our State having Credit facility from the Private/Public Sector Banks located here or outside the Union Territory of Jammu & Kashmir for which the matter has already taken up with the Finance and Industries Department but till date nothing has been done so far.
“We request Lt. Governor Manoj Sinha for his kind intervention to resolve the issue with the directions to Finance Department for the grant of 5% Interest Subvention benefit to those Industrial Units also working in our State having the credit facility from the Private/ Nationalized Banks located outside the Union Territory of Jammu & Kashmir & the necessary clarification in this regard may be issued by the Finance Department with the issuance of necessary corrigendum of the Govt. Order No-274-FD-2020 dated 01-10-2020.
FoIJ also conveyed gratitude to Manoj Sinha, Lt. Governor of J&K UT, Aurn Kumar Mehta, Financial Commissioner, Finance Department, Manoj Kumar Dwivedi, Commissioner/ Secretary, Industries & Commerce Department, RK Chibber, Chairman J&K Bank, for the release of 2nd Installment of 5% Interest Subvention Relief to the Industrial Units of Jammu & Kashmir which will go a long way in helping the Industrial Fraternity of J&K UT passing through tough time due to COVID-19 situation.
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