Delhi HC: Maintenance is Intended to Safeguard Dependent Spouse & Child’s Right to Live With Dignity  ||  Delhi HC: Any Person in India Has the Right to Legally Import Goods from Abroad  ||  Bombay HC: Can’t Quash Rape Cases on the Basis of Compromise  ||  Madras HC: Can’t Tap Individual’s Phone to Uncover Suspected Crime  ||  Karnataka HC: Women Commuters Oppose Ban on Bike Taxis in Karnataka  ||  Delhi HC: Inclusive Education is About Recognising That Every Child Has a Place in Classroom  ||  Delhi HC: Patanjali to Not Run Ads that are Disparaging to Dabur Products  ||  Delhi HC Upholds Rule Restricting Retention of GPRA by Central Armed Police Forces  ||  Delhi HC: Disability Pension Ensures that a Soldier is Not Left Without Support  ||  SC Declines Petition by Lalit Modi against BCCI Seeking Indemnification    

Central Government makes amendment in the Government of India Notification No. 6(2)98-DBA-II dated 19th February, 1999- (Ministry of Commerce and Industry) (31 Jan 2023)

MANU/INDP/0003/2023

Commercial

The Central Government hereby makes the following amendment in the Government of India Notification No. 6(2)98-DBA-II dated 19th February, 1999 titled 'Central Interest Subsidy Scheme, 1997'. The amendment shall come to effect from 18.06.2014.

2. W.e.f. 18.06.2014 clause 5 of the extent of admissible subsidy shall be read as under:

"5. Extent of admissible subsidy."

For new units: all eligible industrial units located anywhere in the North East Region shall be given an interest subsidy to the extent of 3% on the working capital advanced to them by the Scheduled Banks or Central State financial institutions for a maximum period of 10 (ten) years from the date of commencement of commercial production.

For existing units undergoing substantial expansion: the quantum of interest subsidy eligible in the case of an existing industrial unit which has gone for substantial expansion will be 3% of the increase in working capital loan over and above the average of the working capital loan availed by the industrial unit during two financial years just preceding the date of commencement of commercial operation after undergoing substantial expansion".

However, similar interest subsidy claims that have already been considered/recommended by the SLC need not be reopened.

For the removal of doubts/for the sake of clarity, the methodology for calculation as appended/enunciated in the letter/circular dated 18.06.2014 shall prevail.

Tags : AMENDMENT   NOTIFICATION   SUBSIDY SCHEME  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved