Three Hundred and Fifty-Six (356) cases of aspiring entrepreneurs sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different schemes were approved by the Steering Committee which met in Srinagar 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 Saurabh Bhagat, IAS, Commissioner/Secretary, Labour & Employment Department, J&K Government. Those who participated in the meeting were Dr. M. I. Parray, Director JKEDI, Ghulam Rasool Mir, Director Employment Department, Syed Shafat Hussain Rufai, Vice-President A&AP Division, J&K Bank Limited and sectoral experts from the line departments,” the statement said.
The statement said that 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 will 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.
“Out of 100 cases placed before the same Committee under Youth Startup Loan Scheme, 75 cases were approved involving the total project cost of Rs.726.95 lakhs. The 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,” said JKEDI statement.