The 121st Steering Committee meeting of Seed Capital Fund Scheme (SCFS) and the 65th meeting of Youth Startup Loan Scheme (YSLS) was held today under the Chairmanship of Saurabh Bhagat, IAS, Commissioner/Secretary, Labour & Employment Department at Udhyog Bhawan, Jammu.
During the meeting, 342 cases of aspiring entrepreneurs sponsored by JKEDI under different schemes were approved jointly under SCFS and YSLS. Both Seed Capital Fund Scheme (SCFS) and Youth Startup Loan Scheme (YSLS) are being implanted by the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) for entrepreneurship development in the state.
A total of 342 cases including 62 cases of female aspirants were approved. The approved cases comprise of 85 in the agri-allied sector, 14 in the manufacturing sector and 243 from the services sector were approved by the committee.
The Committee approved 252 cases under Seed Capital Fund Scheme (SCFS) while 90 cases were approved under Youth Startup Loan Scheme (YSLS).
Most of the cases of the aspirants hailing from remote and hilly areas of Jammu division were approved so that they can start their ventures and earn a livelihood.
The meeting stressed over supporting business ideas related to High Employment Potential Sectors (HEPS) like Agricultural and allied activities under the schemes being implemented by JKEDI.
Director JKEDI, Tufail Matto (Member/Secretary) assured the Steering Committee that JKEDI shall ensure to make the benefits of these schemes percolate down to the most deserving youth of the state living in any part of the state to help them their own business ventures.
Yash Pal Suman, Director Employment Department, Anu Behl, Joint Director Employment, Jammu, Dr Majid Manzoor Khan, Chief Faculty JKEDI and sectoral experts from the line departments also participated in the meeting. Tej Pal Singh, Assistant Vice President, J&K Bank represented President (CBO), J&K Bank.