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Avail benefits or vacate land, Govt tells entrepreneurs
11/28/2015 11:30:42 PM
Majid Nabi

Early Times Report

Srinagar, Nov 28: After failing to establish 'free enterprise' units on government land, the authorities have set March 30deadline for all beneficiaries' to avail the benefits or vacate the land within stipulated time period.
In sheer violation of rules, the entrepreneurs after availing subsidized loan facilities on cheap interest rates have miserably failed to setup their units on government provided land since 1995, that not only forced authorities to go tough against them but also created obstructions for other 'aspiring entrepreneurs'.
Pertinently the State Industries and Commerce Department, since the year 1995 has provided hundreds of kanals of land to the applicant's desirous to establish Industrial units in the state, however most of them failed to start the same in predetermined period.
A huge chunk of allotted land is still unutilized even after the entrepreneurs were provided with adequate subsidies and low interest loan facilities from various banks.
"Despite several notices issued to them from time to time by the government to start their ventures most of the entrepreneurs could not follow the prescribed norms, they are making dillydallying tactics, nor did they start ventures neither returned the land back to the government," an official source told Early Times.
"For the last five years, these land holders have been making only excuses without establishing the industrial units thus denying opportunities to others to establish units which could generate new employment opportunities in the state," he said
He said most of these people who hold land in their possession are kith and kin of politicians and bureaucrats. "Some of them have acquired the industrial land back in 2000, even after a decade and a half, no initiative has been made by these beneficiaries despite receiving subsidies from the government," he said. The land was provided at low prices aimed at generating employment opportunities and to boost the industrial sector of the state. Official sources said the concerned authorities had not cancelled the allotment to these entrepreneurs as per the terms of the agreement despite several directives from the government in 2013, 2014 and now in 2015 to blacklist all these people who had not utilized the industrial land.
SIDCO General Manager Aga Aijaz said these land holders have occupied a large industrial land in the state without setting up the units.
"Government had asked them several times to establish their units or return the land. Now they have sought six more months reasoning last year's floods. We have given them deadline till March 30, 2016 to set up their units and if they fail to do so, the land will be returned to the government without issuing any further notices," Aijaz said.
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