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JKEDI approves 342 cases for aspiring entrepreneurs

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JAMMU, JULY 03: The 121st Steering Committee meeting of Seed Capital Fund Scheme (SCFS) and the 65th meeting of Youth Startup Loan Scheme (YSLS) was held today under the Chairmanship of Commissioner Secretary, Labour & Employment Department Saurabh Bhagat at Udhyog Bhawan, Jammu.

During the meeting, 342 cases of aspiring entrepreneurs sponsored by JKEDI under different schemes were approved jointly under SCFS and YSLS.  Both the schemes have been started by the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) for entrepreneurship development in the state.

A total of 342 cases including 62 cases of female aspirants were approved. The approved cases comprise of 85 cases in agri-allied sector, 14 in the manufacturing sector and 243 from the services sector. The Committee approved 252 cases under Seed Capital Fund Scheme (SCFS) while 90 cases were approved under Youth Startup Loan Scheme (YSLS).

Most of the cases of the aspirants hailing from remote and hilly areas of Jammu division were approved so that they can start their ventures and earn a livelihood.

The meeting stressed over supporting business ideas related to High Employment Potential Sectors (HEPS) like Agricultural and allied activities under the schemes implemented by JKEDI.

Director JKEDI, Tufail Matto (Member/Secretary) assured the Steering Committee that JKEDI shall ensure to make the benefits of these schemes percolate down to the most deserving youth of the state living in any part so as to help them in their own business ventures.

Director Employment Department Yash Pal Suman, Joint Director Employment, Jammu Anu Behl, Chief Faculty JKEDI Dr. Majid Manzoor Khan, and sectoral experts from the line departments also participated in the meeting. Assistant Vice President, J&K Bank Tej Pal Singh represented President (CBO), J&K Bank.

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