Karnataka - Bangalore   

Rs. 30-crore subsidy released to SSIs

Special Correspondent

BANGALORE: Minister for Small Industries Shivananda Naik has said the Government had released Rs. 30 crore towards subsidy to small-scale industries.

Addressing presspersons here on Wednesday, he said the Government had to release the pending Rs. 226 crore subsidy to SSIs and that it would be done in a phased manner.

The Government was committed to providing infrastructure for the small-scale sector and promoting small units in a big way. The new industrial policy focused on small units and the emphasis was on creating one-lakh new jobs for the unemployed youth each year.

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