Board mulling to revise per unit cost from Rs 25 lakh to Rs 60 lakh
SRINAGAR: The J&K Khadi and Village Industries Board (KVIB) Vice-Chairman (VC), Mansoor Hussain Suhrawardy on Thursday said the government was committed to provide dignified employment to the state youth, an official press note read.
Speaking at a day-long workshop on schemes and programs being implemented by Khadi and Village Industries Board (KVIB) organised at Government College of Education, Mansoor said the government was running many schemes to nurture a culture of entrepreneurship among the state youth.
“About 70 percent of J&K’s population comprises of youth who will be the driving force of our political and economic stability in coming years. They should not only get dignified employment but also be encouraged to set up enterprises which will provide employment to others and boost the economy of the state,” he said.
According to the press note, the KVIB vice-chairman said the young female population of Jammu and Kashmir would be encouraged to avail the benefits of KVIB schemes under which they could set up various businesses including boutiques and salons which would help in employment generation.
“I assure them that their cases will be taken up on priority,” he said.
Mansoor said the KVIB was focused on providing employment with dignity to the rural youth. “When we find that a young entrepreneur, whose enterprise is nourished by different schemes, has become successful, we must provide him more economic support for expansion instead of simply ending the contract after repayment of his loan,” he said.
Mansoor said the board is mulling to revise per unit cost from Rs 25 lakh, which was fixed in the 1990s, to Rs 60 lakh per unit, keeping in view the inflation and other trends.
“We are also planning to adopt bee-keeping units with the flow of more resources from the centre. KVIB is going to be a game-changer in coming years in J&K,” he added.
The board vice-chairman said there was no dearth of funds and more than 4100 units were targeted to be set up in the state this year at a cost of Rs 82 crore. The inaugural function of the workshop was also attended by Secretary KVIB, Rashid Ahmad Qadri, board members of KVIB and officers of the state government.
Kashmir Chamber of Commerce and Industry’s Rouf Ahmad, who was invited as the guest of honor, said the business chambers would extend every possible support to make the schemes of KVIB a success. He suggested the KVIB should organise awareness camps on the schemes run by the board at college and university levels so that the educated youth could avail their benefits, the press note added.