SRINAGAR: J&K Government is working on robust and efficient digital network infrastructure in the hinterland to provide transparent financial services to the people. Our aim is to bridge the gap between Rural & Urban pockets of J&K, and ensure that easy credit is accessible to all those interested in starting their own business ventures.
Lieutenant Governor, Manoj Sinha made these remarks during his address at a day-long conference on “Education to Entrepreneurship” here at SKICC.
The conference was organized by Mission Youth, J&K in collaboration with the Taleem-O-Tarbiyat initiative to promote economic development and encourage sustainable livelihood of the youth in Jammu & Kashmir, with emphasis on education, character building, entrepreneurship, and skill development here on Saturday.
Speaking on the occasion, the Lt Governor congratulated Sh. Zafar Sareshwala, Former Chancellor, Maulana Azad Urdu University & Head, Taleem-O-Tarbiyat for taking the initiative to provide insight and the way forward on how to plan future strategies in providing skill development, education and employment opportunities to the youth of J&K.
The Lt Governor observed that the improvement in regulatory environment and business ecosystem is playing a major role in promoting economic growth and financial inclusion in Jammu & Kashmir.
We are exploring all the possibilities so that financial inclusion and easy credit is accessible to all people, besides developing skills of the youth in Banking & Financial Services Sector to capitalize on vast opportunities, added the Lt Governor.
A target has been set to develop and train 5000 young professionals this year, and equip them with the requisite skill sets of Financial Services Sector, the Lt Governor maintained.
Terming Skill development as a guiding force for empowering youth and providing them opportunities to become self-dependent, the Lt Governor observed that J&K government has been continuously working on policy and interventions to bridge the skill gaps and create a conducive environment with collaborative efforts to generate employment opportunities in various sectors, said the Lt Governor.
Mentioning a recent report of Centre for Monitoring Indian Economy, the Lt Governor said J&K has less unemployment rate than States & UTs like Delhi, Goa, Bihar, Himachal Pradesh, Jharkhand and Rajasthan. He said that the unemployment rate in the UT has gone down to 9% from 16.1 % in September 2020 and gave its credit to the people, especially the youth of J&K.