KL NEWS NETWORK
156 cases of aspiring entrepreneurs sponsored by JKEDI under different schemes were approved during the Steering Committee meetings held at JKEDI, Jammu.
The 97th Steering Committee Meeting of Seed Capital Fund Scheme (SCFS) and 47th of Youth Startup Loan Scheme (YSLS) were held on April 28, 2016 under the Chairmanship of Nirmal Sharma, IAS, Secretary, Labour & Employment Department, J&K Government at JKEDI, Jammu. Those who participated in the meeting were Manzoor Ahmad Lone, IAS, Director Employment; MI Parray, Director JKEDI; Mohammad Ibrahim, Vice President (A&AP), J&K Bank Limited and sectoral experts from line departments.
Out of 116 cases placed before the Committee under SCFS, 104 cases involving the total project cost of Rs 1152.11 lakh were approved including seed money of Rs 344.26 lakh. Three cases were rejected for different reasons while as the decision in respect of nine 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.
Under Youth Startup Loan Scheme (YSLS) out of 56 cases placed before the committee, 54 cases were approved involving total project cost of Rs 388.00 lakh. Decision in respect of two 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.