JKEDI approves 227 new cases for Rs 2,531 lakh

Jammu: Two Hundred Twenty Seven (227) cases of aspiring entrepreneurs sponsored by JKEDI under different schemes were approved during the Steering Committee meetings held at JKEDI, Jammu.
The 94th  Steering Committee Meeting of Seed Capital Fund Scheme (SCFS) and 44th  of Youth Startup Loan Scheme (YSLS) were held on March 10, 2016 under the Chairmanship of Nirmal Sharma, IAS, Secretary, Labour & Employment Department, J&K Government at JKEDI, Jammu.  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  experts from line departments.
Out of 154 cases placed before the Committee under SCFS,  122 cases involving the total project cost of Rs 1785.37 lacs were approved including Seed Money of Rs 414.67 lacs. 12 cases were rejected for diifferent reasons, while as the decision in respect of  20 cases was deferred as more clarifications were sought.  These cases will be considered in the next Steering Committee meeting after the relevant issues are clarified.
Out of 114 cases placed  before the same Committee under Youth Startup Loan Scheme, 105 cases were approved involving total project cost of Rs 745.45 lacs.  Decision in respect of 5 cases was deferred as more clarifications were sought.  These cases will be considered in the next Steering Committee meeting after the relevant issues are clarified.

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