KVIB disburses Rs821.47 as margin money

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JAMMU: J&K Khadi & Village Industries Board (KVIB) released the margin money in favour of 413 units in Jammu division including an amount of Rs. 821.47 lakhs as subsidy against the total target of 790 units during the current financial year 2017-18 under Prime Minister’s Employment Generation Programme (PMEGP).
This was informed by the Secretary/CEO, KVIB Rashid A Qadri during the PMEGP review meeting on Saturday. He said that these 431 units have further generated employment opportunity for 1298 local youths, an official handout read.
Stressing upon the field functionaries to take into consideration the managerial capability of an entrepreneur before sponsoring a PMEGP case, Rashid Qadri asserted that the “KVIB officers should provide hand holding to the unit holders even after the establishment of the unit”. He said that KVIB sponsored five clusters to the MSME government of India, of which three clusters have been approved involving an amount of Rs. 1194.80 lakh and other two sponsored clusters were under process and 7 clusters were in the pipeline.
CEO exhorted upon the District Officers for formation of more Clusters under SFURTI programme, the handout added.