Lays foundation of skill development, incubation centre at EDI; inaugurates JK Bank branch
PAMPORE: Chief Minister, Mehbooba Mufti on Wednesday laid the foundation of Centre for Training and Skill Development and Centre for Incubation and Business Acceleration at the Entrepreneurship Development Institute (EDI) here.
According to the press note, these centres will augment training activities for young entrepreneurs at the EDI. The need for an incubation centre was felt for long to guide freshly trained youth in arranging capital, material and market support for their projects. The project is expected to cost Rs. 27 crore and is expected to build training capacity at the EDI by a great measure.
While addressing young entrepreneurs, the chief minister said her government would do all what it takes to see that enterprise takes full roots in the state.
Mehbooba Mufti said she was happy to see many young boys and girls standing up on their feet confidently and providing livelihood to many others. She said, “This confidence needs to be built and multiplied to create a generation of young, successful and enterprising entrepreneurs in the state who would not be dependent on the government but contributing significantly to the state’s economy and society.”
She appreciated the role of EDI and its management in churning out professional and successful breed of young entrepreneurs who have started carving out their niche on the business canvas of the state. She said, “Today’s addition of incubation and training centres would greatly enhance the quality of training at the institute.”
On the occasion, the chief minister felicitated many young achievers from the EDI and also handed over letters among 110 entrepreneurs whose credit facilitation cases were cleared by the steering committee of the EDI. She also launched the electronic transfer of seed capital into the accounts of the eligible entrepreneurs.
Director, EDI, Dr. M. I. Parray in his address welcomed the Chief Minister for her keen interest in the welfare and progress of these young entrepreneurs.
Earlier, the chief minister also inaugurated a business unit of JK Bank within the premises of EDI. This was a major demand of the young entrepreneurs when they met the Chief Minister in May.
Mehbooba also visited the stalls put up by the trained and successful entrepreneurs of the EDI. She enquired from them about their businesses, difficulties and future plans.