JKEDI approves 884 cases of aspiring entrepreneurs

JKEDI approves 884 cases of aspiring entrepreneurs

PAMPORE: The cases of 884 aspiring entrepreneurs sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different entrepreneurship development schemes were approved by the Steering Committee which met here at the Institute’s Pampore campus. This was said in an official handout issued here.

According to the handout, the 102nd and 103rd Steering Committee Meeting of Seed Capital Fund Scheme (SCFS) and 49th and 50th of Youth Startup Loan Scheme (YSLS) were held under the Chairmanship of Shaleen Kabra, Principal Secretary, Labour and Employment Department, J&K Government.

“This is for the first time that two back-to-back meetings of Steering Committee were held within a span of just three days to clear the cases of candidates trained by JKEDI,” read the document.

The meeting was held after the intervention of Chief Minister Mehbooba Mufti, who earlier this month “convened a high level meeting of officers to redress the issues and grievances put forth by the entrepreneurs trained by JKEDI” under its different schemes.

“The Chief Minister on May 13 met over 2000 entrepreneurs and candidates trained by JKEDI from across the State at her residential office to get their feedback,” it further read.

Earlier 619 cases were approved by the Steering Committee during the 102ndmeeting of Seed Capital Fund Scheme and 49th meeting of YSLS.

“Today, out of 260 cases placed before the Committee under SCFS, 250 cases involving the total project cost of Rs.1478.55 lakh including Seed Capital of Rs.748.72 lakh were approved,” the document further read.

Decision in respect of six cases was deferred as more clarifications were sought by the Steering Committee. These cases would be considered in the next Steering Committee meeting after the relevant issues were clarified. Four cases were rejected as the candidates were found already employed.

“15 cases placed before the same committee under Youth Startup Loan Scheme involving total project cost of Rs.72.75 lakh including beneficiaries’ contribution of Rs.7.27 lakh were also approved,” further read the EDI official handout.