J-K govt to provide financial assistance to sick industries
Under Prime Minister's reconstruction programme, Jammu and Kashmir government will provide financial assistance to about 300 sick industrial units in the state.
By PTI |
JAMMU: Under Prime Minister's reconstruction programme, Jammu and Kashmir government will provide financial assistance to about 300 sick industrial units in the state.
"The sick industrial units would be revived in the state by providing them financial assistance to enable them to provide job opportunities to unemployed youth and income to the unit holders," minister for Industries and Commerce Nawang Rigzin Jora said on Wednesday.
There are over 300 sick units in the state and rehabilitation of these units would be done under specific package provided by the Centre under Prime Minister's reconstruction programme, he said at a meeting of representatives of Kashmir Industrial Revival and Development forum and senior officials of industries department.
He said Rs 63.56 lakh were sanctioned as soft loan to 33 units by State Industrial Development Corporation (SIDCO) and Rs 225 lakh was disbursed to 22 unit holders.
Jora has also directed the concerned officers to do a survey of sick units.
"The sick industrial units would be revived in the state by providing them financial assistance to enable them to provide job opportunities to unemployed youth and income to the unit holders," minister for Industries and Commerce Nawang Rigzin Jora said on Wednesday.
There are over 300 sick units in the state and rehabilitation of these units would be done under specific package provided by the Centre under Prime Minister's reconstruction programme, he said at a meeting of representatives of Kashmir Industrial Revival and Development forum and senior officials of industries department.
He said Rs 63.56 lakh were sanctioned as soft loan to 33 units by State Industrial Development Corporation (SIDCO) and Rs 225 lakh was disbursed to 22 unit holders.
Jora has also directed the concerned officers to do a survey of sick units.
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