RAJASTHAN FINANCIAL CORPORATION
Ref.No.: RFC/F.13(215)/464 Dated : 05.12.2005
C I R C U L A R
Reg.: State Capital Investment Subsidy Scheme, 1990.
Government of Rajasthan
No. F.12(14)Ind./1/90 Jaipur,Dated 17.11.2005
Sub: Amendment in the State Capital Investment Subsidy Scheme for New Industries, 1990.
The State Government hereby makes the following amendment in the State Capital Investment Subsidy Scheme for new industries 1990 issued vide notification of even number dated 5.9.90 and amended from time to time (hereinafter called �the scheme�).
The following proviso shall be inserted after existing proviso below clause 14(b) of the Scheme:
Provided that in cases where the unit could not remain in regular production for 5 years and is unable to return the subsidy and interest due to reasons indicated below and submits an application for exemption under clause 14 of the Scheme the Commissioner Industries may after having got conducted such enquiry as deemed necessary and after recording reasons for so doing waive the amount of interest on subsidy payable by such unit, and the State Government may waive the principal amount of subsidy payable by such unit under the scheme, on the recommendation of the Commissioner Industries if the Commissioner / the State Government is satisfied that :-
Every order made under this clause shall be final.