Jammu and Kashmir Governor N.N. Vohra on Saturday directed the Chief Secretary B R Sharma to finalize the scheme for interest subvention for restoration of livelihoods for traders/self employed/ business establishments etc. by 21st February.

Earlier, Vohra reviewed the relief being provided to the flood affected traders and small business enterprises in the State during a meeting.

The Governor was informed that the Reconstruction Plan for the State of Jammu and Kashmir, which was announced by the Prime Minister on 7th November, 2015, includes a provision of Rs. 800 crore as Central assistance for interest subvention on the support provided for the restoration of livelihoods for traders, self employed and business establishments etc, said an official handout.

The Chief Secretary informed the Governor that the State Level Bankers Committee had earlier approved restructuring of loans of traders and small businesses affected by floods, with  an extended moratorium period for repayment.   

After discussion, the Governor directed the Chief Secretary to finalize the scheme for interest subvention for restoration of livelihoods for traders/self employed / business establishments etc. by 21st February, 2016.

The Governor also directed that the proposal for disbursement of assistance for completely damaged, severely damaged and partially damaged houses, approximately 73000 kuchha houses and 158000 pucca houses, for which a Central Assistance of Rs. 1194 crore has been released under the PM’s Reconstruction Plan be also finalised urgently and brought up before the State Administrative Council for approval.(Agencies)