J&K industries urge Governor to release 3rd instalment of interest subvention scheme before 31st March

Jammu, Mar 26 (KNN) The Federation of Industries Jammu (FOIJ) request has requested Jammu & Kashmir (J&K) Lt. Governor Manoj Sinha to release the 3nd Installment of 5 per cent Interest Subvention scheme relief to the industrial units here before March 31st, 2021.

Lalit Mahajan, Chairman FOIJ,  while conveying heartiest thanks to Lt. Governor, Manoj Sinha,  Arun Kumar Mehta(IAS) Financial commissioner, Finance Department and R K Chhibber, Chairman, J&K Bank for the timely release of 1st and 2nd Installment of 5 per cent Interest Subvention said,'' We would like to inform the Lt. Governor that Supreme Court (SC) of India has refused to extend the moratorium period of Emergency Credit Guarantee Loan, which forcing unit holders to deposit the unpaid interest before March 31st, 2021  resulting acute financial crunch reported by the unit holders.''

''We request Lt. Governor and Arun Kumar Mehta (IAS) Financial Commissioner, Finance Department to release the 3rd installment of 5 per cent interest subvention to industrial units.