Amendment to the Central Capital Investment Subsidy Scheme, 2002 - No. 1(11)/2002-NER

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<h1>India Amends Capital Investment Scheme to Boost Jobs in J&K; Redefines 'Substantial Expansion' for Entrepreneurs.</h1> The Government of India has amended the Central Capital Investment Subsidy Scheme, 2002, following a Prime Ministerial announcement aimed at creating employment opportunities in Jammu & Kashmir. The amendment, approved by the Cabinet, redefines 'substantial expansion' to include any new investments by existing entrepreneurs that significantly increase employment, without requiring major expansion. It clarifies that credits under the Industrial Policy Package should not be used to settle old debts or for existing equipment. This change is intended to facilitate economic growth and job creation in the region.

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