JKEDI approves 884 cases of aspiring entrepreneurs

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 twice within a span of three days at the Institute’s Pampore campus.

The 102nd and 103rd Steering Committee meetings of Seed Capital Fund Scheme (SCFS) and 49th and 50th such meetings of Youth Startup Loan Scheme (YSLS) were held under the chairmanship of Principal Secretary Labour & Employment Department, Shaleen Kabra.

Those who participated in the meeting included Director Employment Department, Manzoor Ahmad Lone, Director JKEDI, Dr M I Parray, and Vice-President (A&AP) J&K Bank, Fayaz Ahmad.  Sectoral experts from the Department of Animal Husbandry and Industries and Commerce Department also participated in the meeting.

Out of 260 cases placed before the Steering 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 decision in respect of six such cases was deferred as more clarifications were sought by the Steering Committee, informing that these cases will be considered in the next Steering Committee meeting after the relevant issues are clarified.

Fifteen cases placed before the Committee under the YSLS involving a total project cost of Rs. 72.75 lakh, including beneficiaries’ contribution of Rs. 7.27 lakh, were also approved on the occasion.

Pertinently, the meetings were held after the intervention of Chief Minister Mehbooba Mufti who convened a high level meeting of officers in May to redress the issues and grievances put forth by entrepreneurs trained by the JKEDI under its different schemes.


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