JAMMU: Financial Commissioner, Industries and Commerce, Khurshid Ahmad Ganai Tuesday chaired State Level Monitoring Committee meeting of Jammu and Kashmir Khadi and Village Industries Board (KVIB) and reviewed the implementation of Prime Minister’s Employment Generation Programme (PMEGP) in the state.
The PMEGP scheme sponsored by Khadi and Village Industries Commission (KVIC), Government of India is implemented in the states through KVIB in collaboration with various nationalized banks.
Under the scheme the subsidy is being routed by Khadi and Village Industry Commission, Government of India, through the identified banks for eventual distribution to the beneficiaries and entrepreneurs.
While appreciating the role of banks for meeting the credit plan targets under the scheme, Ganai, according to an official spokesperson, said due to their cooperation the program has proved successful in generating the employment avenues for the unemployed educated youth in the state.
The meeting was informed that with the efforts towards popularizing PMEGP scheme by all the implementing agencies, there has been a tremendous response from unemployed youth in the rural areas of the state and 10270 applications have been received by sponsoring agencies.
The meeting discussed various important issues including opening of main margin money accounts in the Nodal Bank Branches, conduct of EDP training, E-Tracking, Adjustment of margin money and Collateral security. The bankers suggested various measures for streamlining the program so as to achieve the targets in an effective manner.
Among others the meeting was attended by Secretary, Khadi and Village Industries Board Feroz Ahmad, Director Industries and Commerce, Jammu, Director Rural Development, Jammu, Chief General Manager, NABARD, General Manager, District Industries Centre, Jammu, various MDs besides senior officers of Jammu and Kashmir Bank, State Bank of India, Punjab National Bank, Grameen Bank and representatives of other nationalized banks functioning in the State.