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Q.

Landmark judgement of Supreme Court of India regarding Central Investment Subsidy Scheme 1971'

Asked by sanjay raikar, 14 Aug '08 04:13 pm
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Answers (2)

1.

What is the judgemet Sir, let me know
Answered by Jay Pareek, 14 Aug '08 04:14 pm

 
  
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2.

In August,1971,Government had introduced the Scheme of Central Investment Subsidy topromote industrialisation in selected districts/backward areas,which were categorised as CategoryA,CategoryB and CategoryC districts/areas.The Scheme was implemented through the StateGovernments and worked on disbursement/reimbursement basis.After cessation of the Scheme on 30.9.1988,certain units which had not been disbursed subsidy,had gone in appeal before various High Courts and Supreme Court.The Honble Supreme Courtgave a landmark judgement on 5.12.1995 that all applications filed before 30.9.1988 may be consideredfor the grant of subsidy provided the applications were complete under the Scheme.Hence,all sucheligible cases are being considered for reimbursement,following the decision of the Supreme Court.From the inception of the Scheme upto 31.03.2004, an amount of Rs. 1113.67 crore hasbeen released to various States/Union Territories.
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Answered by Pardeep kapoor, 14 Aug '08 04:19 pm

 
  
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