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    <description>Notification creates the Central Interest Subsidy Scheme, 2012 for new industrial units in Jammu &amp; 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.</description>
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