JAMMU, Jan. 20 -- In order to encourage Cooperatives to set-up small food processing units costing up to Rs 10 lakh, Administrative Council (AC) which met here under Lieutenant Governor, Manoj Sinha approved a proposal of Cooperative Department which provides for 90% credit (subject to a limit of Rs 9 lakh) offered by Cooperative Banks and financial assistance of 50% (subject to a ceiling of Rs 4.50 lakh) of loan amount and 100% interest subvention to be given by the government.

Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; Atal Dulloo, Chief Secretary; Mandeep Kumar Bhandari, Principal Secretary to LG attended the meeting.Cooperative Societies registered in J&K willing to set up Food Processing Units will be offered loan by ...