State to release subsidy to small industries

Gulbarga, Jun 25 (UNI) The State Government would release Rs 100 crore every year towards the arrears of Subsidy amount due to Small and Medium industries.

Speaking to newsmen here today Mr Shivanand Naik, Minister for Small Industries has said that state the total dues towards subsidy stood Rs 300 crores.

The Minister has said that the Government would release Rs 100 crore every year and clear all the dues within three years.

Under the Suvarna Khayaka scheme over 65000 youths were provided jobs in the SME's and it would be strengthened further.

UNI