The state-level committee of Industries and Commerce Department on Thursday approved 38 cases of entrepreneurs and sanctioned an amount of Rs 10.15 crores in their favour.
According to an official spokesperson, the committee met on Thursday under the chairmanship of principal secretary industries and commerce Shailendra Kumar. The meeting besides two directors of industries Jammu/Kashmir was attended by all the concerned members of the committee.
The committee after scrutiny and due deliberations approved 38 cases of Kashmir division with an amount of Rs. 10.15 crores. The committee also approved 32 cases of Jammu division with an amount of Rs 10 crores.
Among the approved cases in Kashmir division, 18 cases belong to the 30 percent capital investment subsidy, eight cases of 3 percent central interest subsidy, nine cases of 100 percent central comprehensive insurance, three cases of 30 percent capital investment subsidy under new package of incentives of eco-tourism.
The committee also accorded approval to two cases of revalidation of time barred cases of Kashmir division and one case from Jammu division.
