Interest subsidy on working capital: central scheme provides limited rate support to eligible new industrial units in J&K. Notification creates the Central Interest Subsidy Scheme, 2012 for new industrial units in Jammu & Kashmir, providing an interest subsidy on average actual daily working capital borrowings for up to five years from commencement of commercial production, subject to pre registration, claim filing within one year, non NPA status, single scheme restriction, and exclusion by a prescribed negative list. JKDFC is the disbursing agency acting on the recommendation of a State Level Committee which verifies eligibility, quantum and oversight; annual verification and reporting requirements and refund powers for misrepresentation or cessation of operation within five years apply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest subsidy on working capital: central scheme provides limited rate support to eligible new industrial units in J&K.
Notification creates the Central Interest Subsidy Scheme, 2012 for new industrial units in Jammu & Kashmir, providing an interest subsidy on average actual daily working capital borrowings for up to five years from commencement of commercial production, subject to pre registration, claim filing within one year, non NPA status, single scheme restriction, and exclusion by a prescribed negative list. JKDFC is the disbursing agency acting on the recommendation of a State Level Committee which verifies eligibility, quantum and oversight; annual verification and reporting requirements and refund powers for misrepresentation or cessation of operation within five years apply.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
