#Budget 2016-17: One Time Provision Of Rs 26 Cr For Interest Subvention

Tasavur Mushtaq

SRINAGAR

2932016193612935Accumulated over the years, the liability of Rs 26 crore for 10 per cent interest subvention in case of artisan loans, Dr Haseeb Drabu earmarked Rs 26 crore as one time provision to clear the liability.

As per his figures, J&K Bank has disbursed loan with borrowing ceiling of Rs 1 Lakh in favour of 41,208 artisans.

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