J&K Cabinet approved 5% interest subsidy for flood-hit traders
Free Current Affairs to Your Email
Posted on:28 Apr 2016 09:22:01
28 April 2016 Current Affairs: Jammu and Kashmir government on 27 April 2016 approved five percent interest subvention to flood-hit traders with effect from 1 April 2016. The decision will bring a major relief to September 2014 flood hit traders and business units.The interest subsidy will have a cap of five lakh rupees per unit for a period of four years, that is, up to 31 December 2020.
The decision was taken at a Cabinet meeting chaired by Chief Minister Mehbooba Mufti in Jammu.To ensure proper implementation of the interest subvention assistance scheme, the Cabinet also ordered constitution of a high-level Coordination Committee. The panel will be headed by Chief Secretary and comprising representatives of Relief Rehabilitation department, Finance department, and Planning and Development department.
Besides, the Cabinet also sanctioned the second tranche of assistance proposed to be given to small traders and business establishments who have been given start-up incentive with turnover up to 10 lakh rupees.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.