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75,000 Youth Provided Entrepreneurship Opportunity During Jan Abhiyan

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January 26, 2023 20 Views0
On the eve of 74th Republic Day, Lieutenant Governor, Manoj Sinha handed over certificates to selected Youth who have availed the facility to start their own business venture.
The Lt Governor said the administration is fully committed to youth entrepreneurship and ensuring self-employment opportunities.
“We have taken many steps to create supportive infrastructure, schemes and policies to speed up economic development of Jammu Kashmir and to meet the aspirations of our young people. Mission Youth, JKRLM and other government agencies along with J&K Bank is helping thousands of new entrepreneurs to set up businesses. The drive during Back to village and My Town My Pride created a new record enabling 75,000 young entrepreneurs to start a new chapter of their life while celebrating Azadi Ka Amrit Mahotsav,” the Lt Governor said.
During the Back 2 Village-4 and My Town My Pride 2.0 campaign period started by the Govt. of Jammu and Kashmir w.e.f. 27.10.22 and 28.11.2022 respectively, banks in UT of Jammu & Kashmir organized employment generation camps as per directives of the Government across the length and breadth of the UT. The campaign was aimed at creating awareness among local youth about various financial schemes and products for establishment/expansion of business units/enterprises.
Banks were able to set up around 6600 counters/camps during the campaign period.Camps were held in all district of the Jammu and Kashmir including the backward areas of Doda, Rajouri, Reasi, Poonch,Kathua, Kupwara, Shopian, Bandipora, Kulgam and Anantnag.
Through these camps about 60,000 loan cases were sourced by banks under various schemes (indigenous/governmentsponsored) which culminated in providing employment opportunities to around 75000 beneficiaries.
In both the campaigns beneficiaries have been able to set up business ventures largely under following segments:Manufacturing,
  1. Services
  2. Retail and Wholesale trade,
  3. Transport
  4. Allied agricultural sectors (like poultry, diary, animalhusbandry, fisheriesetc)
  5. Agri Infra

Aware of its role for upliftment of various socio economic sectors of the UT of J&K and Living up to the expectations of Govt of Jammu and Kashmir, J&K Bank has been the largest contributor in providing credit to unemployed youth including women during the campaign period. J&K bank organized setting up of around 2627counters/camps in backward districts of Doda,Rajouri ,Poonch , Udhampur ,Bandipore,Kupwara,Kulgam .

Following were the lead districts in terms of persons benefitted during the campaign period. Pulwama has created a new history by providing opportunities to 7324 youth to become entrepreneurs.
Besides, to empower and encourage women a notable number of the women entrepreneurs, comprising around 15% of the total number of persons benefitted, were covered during the campaign period. Major activities for women beneficiaries included:
  1. Handicrafts
  2. Retail Trading
  3. Artisan activities like crewel/Embroidery etc.
  4. Allied agri activities
  5. Computerized Desk top publishing
  6. Cyber Café
  7. Beauty Parlour
  8. Boutique/ Tailoring
  9. Training Institute
  10. Manufacturing & services

“I salute the hard work of all our youth who have helped build a new Jammu Kashmir. Administration will ensure aspirations, creativity and enterprise of every youth are realized and they are empowered. We have been steadfast in our resolve to provide self-employment opportunity to youth and last year under PMEGP, the Jammu Kashmir was ranked as top performer in the country for setting up maximum units and generating maximum employment opportunities,” the Lt Governor said.

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