JKEDI approves 156 cases

Jammu: The Steering Committee meetings held at JKEDI, Jammu has  approved 156 cases of aspiring entrepreneurs sponsored by JKEDI under different schemes .
The 97th  Steering Committee Meeting of Seed Capital Fund Scheme (SCFS) and 47th  of Youth Startup Loan Scheme (YSLS) were held on Thursday under the Chairmanship of  Nirmal Sharma, IAS, Secretary, Labour & Employment Department, J&K Government at JKEDI, Jammu.
Out of 116 cases placed before the Committee under SCFS,  104 cases involving the total project cost of Rs. 1152.11 lakh were approved including seed money of Rs. 344.26 lakh. Three cases were rejected for different reasons whileas the decision in respect of  nine cases was deffered as more clarfications were sought. These cases will be considered in the next Steering Committee meeting after the relevant issues are clarified.
Under Youth Startup Loan Scheme (YSLS) out of 56 cases placed  before the committee, 54 cases were approved involving total project cost of Rs. 388.00 lakh. Decision in respect of two cases was deferred as more clarifications were sought.
These cases will be considered in the next Steering Committee meeting after the relevant issues get clarified.
Those who participated in the meeting were Manzoor Ahmad Lone, IAS, Director Employment; Dr. M. I. Parray, Director JKEDI; Mohammad Ibrahim, Vice President (A&AP), J&K Bank Limited and sectoral experts from line departments.

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