Board released Margin Money worth Rs 400.49 cr creating jobs for 139964 persons
JAMMU, FEBRUARY: Vice Chairperson, J&K Khadi & Village Industries Board (KVIB), Dr Hina Shafi Bhat, today chaired a meeting to review bankers performance under JK Rural Employment Generation Programme (JKREGP) and Prime Minister’s Employment Generation Programme (PMEGP) being implemented by the Board in Jammu division at Udyog Bhawan here.
Speaking on the occasion, Vice Chairperson stated that for the last three years the Board has expanded its activities through every nook and corner of J&K and released a margin money (subsidy) of Rs. 400.49 crore, against loan of Rs. 1201.44 crore, resulting in creation of direct/indirect jobs to 139964 persons for last three years.
She further stated that J&K KVIB is rendering yeoman service in creation of employment avenues for educated unemployed youth, poor, drown-trodden and weaker sections of the society.
VC asked the representatives of various banks not to reject cases on flimsy ground and release the first instalment as early as possible so that the margin money (subsidy) can be released well in time.