Industrial Growth
Government after changing the policies of industries is focusing on the industrial growth across Jammu and Kashmir.
In a continued effort to bolster the industrial landscape of Jammu and Kashmir, the District Industries Centre (DIC) Srinagar recently held a Workshop cum Awareness Program at Industrial Estate Khunmoh.
The event witnessed significant participation from unit holders, including the President of the Industrial Association.
During the workshop, General Manager (GM) DIC Srinagar engaged with participants in a dynamic question-and-answer session. The General Manager underscored the urgency of leveraging the New Central Sector Scheme (NCSS-2021) before the registration deadline, promising to highlight the issues raised by unit holders at the highest administrative levels.
The DIC officials and resource persons from Ernst & Young LLP (DPIIT PIU team Kashmir) addressed the scheme related queries like eligibility, document requirements, application procedure and quantum of incentives available for unit holders.
The unit holders were informed about the incentives under NCSS-2021 which include a 30/50% Capital Investment Incentive (CII), a 6% Capital Interest Subvention (CIS) on term loans for seven years, a 100% GST Linked Incentive (GSTLI) for ten years, and a 5% Working Capital Interest Subvention (WCIS) for five years.
The program concluded with expressions of gratitude, and eligible units were facilitated in applying for NCSS registration on the spot.
