LG J&K Manoj Singha on Thursday approved further release of Rs 250 Cr as Interest Subvention. LG said “Today approved further release of Rs. 250 crore as Interest Subvention, part of the Economic Package for revival of business and Industry in Jammu & Kashmir.” LG further said “The UT government has already released Rs. 500 Crore. The Interest Subvention has so far provided immense relief to 3.44 lakh borrowers in the current COVID19 crisis. In coming days, government will continue to take further steps to boost the economy of Jammu and Kashmir and help people to overcome difficulties with due attention to Business Community.”
