FOIJ requests J&K Governor to release 3rd instalment of 5 per cent interest subvention to industrial units

Jammu, Apr 27 (KNN) Federation of Industries Jammu (FOIJ) has requested Lt. Governor Manoj Sinha to release the 3rd Instalment of 5 per cent interest subvention relief to the industrial units of Jammu & Kashmir (J&K).

Lalit Mahajan, Chairman FOIJ,  while conveying heartiest thanks to Lt. Governor, Manoj Sinha, Arun Kumar Mehta(IAS) Financial commissioner, Finance Department and R K Chhibber, Chairman, J&K Bank for the timely release of 1st and 2nd Instalment of 5 per cent interest subversion previously, apprised the Governor that industrial units working in our state facing acute financial crunch due to current situation of COVID-19 across the country and it is the need of hour to release the 3rd instalment interest subvention as early as possible. 

FOIJ also requested Sinha and Arun Kumar Mehta (IAS) Financial Commissioner, Finance Department to intervene into the matter and release the 3rd instalment to units as early as possible enabling them to clear the liabilities of the Banks.