25-03-2021:Federation of Industries Jammu, request Hon’ble Lt. Governor Sh. Manoj Sinha for the release of 3nd Installment of 5% Interest Subvention Relief to the Industrial Units of Jammu & Kashmir before 31-03-2021.
Sh. Lalit Mahajan, Chairman FOIJ, while conveying heartiest thanks to Hon’ble Lt. Governor, Sh. Manoj Sinha, Sh. Arun Kumar Mehta(IAS) Financial commissioner, Finance Department, and Sh. R K Chhibber, Chairman, J&K Bank for the timely release of 1st and 2nd Installment of 5% Interest Subversion previously, we draw the kind attention of Hon’ble Lt. Governor that Hon’ble Supreme Court of India has refused to extend the Moratorium period of Emergency Credit Guarantee Loan, resulting the Unit Holders are bound to deposit the Unpaid Interest before 31-3-2021 resulting acute Financial crunch reported by the Unit Holders.
We request Hon’ble Lt. Governor Sh. Manoj Sinha and Sh. Arun Kumar Mehta (IAS) Financial Commissioner, Finance Department for their kind intervention for the release of 3rd Installment of 5% Interest Subvention to Industrial Units before 31-3-2021 enabling them to clear the Liabilities of the Banks.