Srinagar, May 17, 2024 – In a bid to strengthen the business ecosystem in Jammu and Kashmir, the District Industries Centre (DIC) Srinagar organized a Workshop cum Awareness Camp at the Indian Institute of Craft Technology (IICT). The event, held under the directions of Director Industries & Commerce, Kashmir, saw enthusiastic participation from unit holders, including representatives from hotels and clinical establishments.
A joint team of DIC officials and resource persons from Ernst & Young LLP (DPIIT PIU for NCSS & IDS) outlined the benefits of the NCSS-2021. These incentives include a 30/50% Capital Investment Incentive (CII), a 6% Capital Interest Subvention (CIS) on term loans for seven years, 100% GST Linked Incentive (GSTLI) for ten years, and 5% Working Capital Interest Subvention (WCIS) for five years. Detailed guidance on the required documentation and the application procedure was also provided.
The camp concluded with a vote of thanks, and facilitation in registrations for NCSS incentives was also done for units which were found to be eligible as per policy guidelines. The General Manager also announced that a similar Facilitation cum Awareness Camp will be held at *Industrial Estate Khunmoh on May 21, 2024* and insisted the Unit holders/ Industrial Association Presidents to actively participate in the camp so that more unit holders can take the benefit of the scheme.
