Package of incentives
- Document type
- Policy
- Dated
- Category
- Policy
Procedure for Package of Incentives & Concessions for revival of Sick Industrial Units.
Subject: Procedure for Package of Incentives & Concessions for revival of Sick Industrial Units.
Government Order No: 47 - Ind of 1999
Dated : 10.02.1999
In pursuance of Para 4 and clause 20 of the Annexure "B" to Government Order No: 202-Ind of 1990 dated" 27.5.1998, it is hereby ordered that procedure for regulating package of incentives and concessions for revival of Sick Industrial Units shall henceforth be as per Annexure to the Government Order, subject to the following:-
By order of the Government of Jammu and Kashmir.
Annexure to Government Order No: 47 - Ind of 1999 dated 10.02.1999
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Government Order No: 47 - Ind of 1999
Dated : 10.02.1999
In pursuance of Para 4 and clause 20 of the Annexure "B" to Government Order No: 202-Ind of 1990 dated" 27.5.1998, it is hereby ordered that procedure for regulating package of incentives and concessions for revival of Sick Industrial Units shall henceforth be as per Annexure to the Government Order, subject to the following:-
- Incentives be given only to such units which are potentially viable where the promotors undertake to restart the business and where the track record of promoter is not adverse.
- At the refinance/Survey stage the financial institutions/Banks be consulted.
By order of the Government of Jammu and Kashmir.
Sd/-
(M.S. Pandit)
Additional Chief Secretary
Industries and Commerce Department