JKEDI Steering Committee approves 356 cases involving Rs 4,185 lakh

JKEDI Steering Committee approves 356 cases involving Rs 4,185 lakh
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PAMPORE: Three Hundred and Fifty Six cases of aspiring entrepreneurs, sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different schemes, were approved by the Steering Committee which met here on Thursday. The total project cost involved is Rs 4185.30 lakhs including seed capital of Rs 1162.55 lakhs.
The 117th Steering Committee meeting of Seed Capital Fund Scheme (SCFS) and 61st of Youth Startup Loan Scheme (YSLS) were held under the Chairmanship of Commissioner/Secretary, Labour & Employment Department, J&K Government, Saurabh Bhagat.
Director JKEDI, Dr M I Parray, Director Employment Department, Ghulam Rasool Mir, Vice-President A&AP Division, J&K Bank Limited, Syed Shafat Hussain Rufai and sectoral experts from line departments were present in the meeting, an official handout read.
Out of 576 cases placed before the committee under SCFS, 281 cases involving the total project cost of Rs 3458.35 lakhs including Seed Capital of Rs 1162.55 lakhs were approved. 264 cases were deferred and would be taken up in the next meeting. 31 cases were dropped as the candidates were no more interested in availing the benefits under the scheme, the handout read.
“Out of 100 cases placed before the same committee under Youth Startup Loan Scheme, 75 cases were approved involving total project cost of Rs726.95 lakhs. Decision in respect of 25 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,” it read.