Official reports list 457 sick industrial units in J&K | SupportBiz

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Official reports list 457 sick industrial units in J&K

 
The Prime Minister's task force has recommended the setting up of a INR100 crore fund to rehabilitate sick units.

There are 457 sick industrial units in Jammu and Kashmir, the state legislative council was told on March 8.

Of the 457 industrial units, 368 units are in the Kashmir valley and 89 in Jammu, said Minister of State for Finance Manohar Lal in reply to a question Under the government's rehabilitation policy for sick industrial units, such units deemed potentially viable by the State Level Rehabilitation Committee (SLRC) have been given soft loans at one percent interest subject to maximum of INR30 lakh.

"INR69.42 lakh have been sanctioned for the Jammu region under the scheme out of which INR5.5 lakh has been disbursed till the end of January 2012. Similarly, INR801.31 lakh have been sanctioned for the Kashmir region out of which INR364.07 lakh stands disbursed during the same period," Lal said.

To revitalise industrial activities in the state, the prime minister's task force has recommended the setting up of a fund of INR100 crore by the government for implementing a special rehabilitation package for the identified sick units. There are about 25,000 industrial units in Jammu and Kashmir including 150 large and medium scale units and rest small-scale -- 11,300 are in Jammu region and the rest in the Kashmir Valley.