SRINAGAR: Three Hundred and Forty-One (341) cases of aspiring entrepreneurs sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different schemes were approved by the steering committee which met here on Wednesday.
The 120th steering committee meeting of Seed Capital Fund Scheme (SCFS) and 64th meeting of Youth Startup Loan Scheme (YSLS) was held under the chairmanship of Commissioner/Secretary, Labour & Employment Department, Saurabh Bhagat here at Centre for Women Entrepreneurship, Kashmir (CWE-K), Press Enclave, an official release read..
“A total of 341 cases including 60 from agri-allied sector, 11 from manufacturing sector and 270 from services sector were approved by the committee. Out of 271 cases placed before the Committee, 270 cases were approved under Seed Capital Fund Scheme (SCFS) while 71 cases were approved under the Youth Startup Loan Scheme (YSLS),” it read.
Manufacturing of cricket balls, sanitary pads were some of the innovative cases approved by the committee. Most of the cases of the aspirants hailing from remote areas of Kashmir division were approved so that they were able to start their ventures and earn livelihood.
The meeting stressed on supporting innovative business ideas related to tourism, handicrafts and handlooms, high employment potential sectors (HEPS) like agricultural and allied activities under the schemes being implemented by JKEDI, read the release.
“Besides, more emphasis shall be laid to encourage women to start their entrepreneurial ventures,” it read.
During the meeting, Commissioner/Secretary, Labour & Employment, Saurabh Bhagat stressed that focus should be on the quality of units established so that it helps the state economy in the long run. Director JKEDI, Tufail Matto assured the chairman that JKEDI shall extend the ambit of its schemes to help establishment of innovative business enterprises in the state.
The next Steering Committee meeting shall convene within a fortnight, it added.
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