Excelsior Correspondent
JAMMU, July 3: The Financial Commissioner, Industries and Commerce Department (ICD), Government of India, reviewed Dastkar Scheme in a meeting held recently.
The meeting was attended by Special Secretary to Government, I&C Department, Director Handicrafts Department, Director Finance, I&C Department, president, J&K Bank Ltd, Assistant Director, Handicrafts and the KCCI president Sheikh Ashiq Ahmad accompanied by Rauf Ahmad Punjabi.
During the meeting, the KCCI raised issues about bringing some change in the Scheme for the ease of its beneficiary and in response to which the Financial Commissioner ordered that J&K Bank will allow a moratorium period of 6 months under the Scheme to all cases to be sanctioned after July 1, 2014.
The Financial Commissioner further ordered that Interest Subsidy of 10% will be available for 5 ½ years including the moratorium of only one month allowed at present, loan amount in full shall be treated as term loan under the Scheme with effect from July 1, 2014.
He also ordered Director, Handicrafts Department to prepare the scheme guidelines accordingly and submit the draft guidelines to the Administrative Department for formal approval.
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