JKEDI Promotes Entrepreneurship in Ladakh

KL Report


As part of its state-wide entrepreneurship awareness mandate, Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) held one day programme to create awareness about the new job ventures in Ladakh region.

The awareness camp was organised on Monday at the Community Hall Shenam in Leh, which was attended by over 100 participants including sarpanchs, naib sarpanchs, councilors and district officers from various departments.

As per a statement it was beginning of JKEDI’s state-wide awareness campaign of term loan scheme being sponsored by the central government under the National Minorities Development and Finance Corporation (NMDFC).

Financial assistance for projects costing up to Rs.5 lakh will be provided to backward sections among minorities under NMDFC’s term loan scheme at concessional interest rates.

Presently over 250 beneficiaries have already received seed money worth Rs. 6 crore while 35 beneficiaries have been provided finance to the tune of Rs.60 lakh under the term loan scheme of NMDFC.

Director JKEDI, Dr MI Parray has advised people in the region to avail maximum benefit from NMDFC schemes since the region is predominately Muslim and Buddhist populated. He urged the sarpanchs and councilors to spread awareness about these schemes.

Rigzin Spalbar, the chairman of the Ladakh Autonomous Hill Development Council (LAHDC), stressed on the need to promote entrepreneurship in the state where people usually look up to the government for jobs, reads a statement.

He has exhorted upon the youth to set up entrepreneurial ventures rather than wait for government jobs.

“It is not possible for the government to provide jobs to all and people should choose entrepreneurship to become job creators rather than being job seekers,” Spalbar said. And added, the focus of different entrepreneurship oriented schemes should be more women centric so that they will be able to reap the benefits.

“There is an immediate need to reduce the communication gap between beneficiaries and implementing agencies,” Spalbar said, emphasizing on proper dissemination of information about various loan schemes through such awareness camps for unemployed youth.

Executive Manager, JKEDI Ladakh division, Dorjay Wangchuk explained in detail various start up finance schemes being implemented by the institute.


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