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Business community should invest vigorously in state :Wazir

Katra, February 13 (Scoop News)- While speaking in a function organised jointly by Ministry of Micro Small and Medium Enterprises (MSME) ,Hotel & Restaurant Association,Katra (HRAK) and Jammu Region Chapter of PHD Chamber of Commerce & Industry (PHDCCI) wherein representatives of major financial institutions had also come, mainly with the purpose of providing information and guidance with regard to various schemes and incentives being provided by the government and particularly the department of MSME to Hoteliers,Traders,and Business Community, President HRAK & Chairman PHDCCI Rakesh Wazir said that business as a whole can’t develop until unless the entrepreneurs,financial institutions and government departments go together and the biggest problem is this that most of the people do not even know the various schemes and incentives being provided by the government and the entrepreneurs could not even avail those incentives and the programmes like that are organised mainly with the purpose that entrepreneurs may avail those incentives and invest vigorously in the state.

Mr.Wazir further said that the major purpose of those incentives is this that with the coming of new units major employment is generated besides development of the area is done and this becomes the responsibility of the business community also to invest whole heartedly in the new ventures.

While speaking on the occasion Joint Director Industries Mrs.Trishala elobrated in detail the incentives enforce including subsidy on new units,subsidy for substantial expansion,intrest subsidy of 2% on all loans disbursed after 2017, etc.

Deputy Director Industries Dr.Ashwani Kumar and Asstt.Director MSME Mohit Kumar MSME while speaking on the occasion requested the representatives of various financial institutions present on the occasion to pass on the benefits of incentives particularly 2% intrest subvention to the entrepreneurs.

Shyam Lal kesar Chairman HRAK, Rahul Sahai Co-Chairman PHDCCI Jammu Region, and Virender Kesar Sr.Vice Presiden HRAK and convernor/Head Reasi District while speaking on the occasion urged the authorities that all the benefits which are available to the Industries be made available to the Hotel Industry as well.

The meeting among others was attended by Vivek Sharma Vice president HRAK, Koushal Magotra Convenor/Head PHDCCI Patnitop,Rakesh Sharma,Arun Kumar,Amit Sharma,Sohan Kohli etc.

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