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of <h1>India Amends Central Interest Subsidy Scheme to Boost Employment in Jammu & Kashmir; New Investments Encouraged.</h1> The Government of India amended the Central Interest Subsidy Scheme, 2002, to foster employment in Jammu & Kashmir, following the Prime Minister's announcement on April 19, 2003. The Cabinet approved a revised definition of 'substantial expansion' to include new investments by entrepreneurs that significantly increase employment, without requiring major expansions. The amendment ensures that subsidies are not used for repaying old debts or existing equipment. This change aims to support the creation of one lakh employment and self-employment opportunities in the region, as recommended by a Task Force under the Cabinet Secretary.
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