75,000 Youth Provided Entrepreneurship Opportunity In J&K: LG Sinha

(MENAFN- Kashmir Observer)

Announces Enhancement Of Group Personal Accident Insurance From Rs 15L To Rs 25L For Govt Employees

Jammu- Asserting that 75,000 youth were provided with entrepreneurship opportunities during the Jan-Abhiyan programme, Lieutenant Governor, Manoj Sinha said on Wednesday that his administration has taken many steps to create supportive infrastructure, schemes and policies to speed up economic development of Jammu and Kashmir.

“We have scripted a golden chapter of the employment boom in J&K. It is our commitment to ensure aspirations, creativity & enterprise of every youth is realized. We have been steadfast in our resolve to empower young generation,” the LG said.

He made these remarks while attending J&K Bank's 'Nayi Disha' programme here on Wednesday. He felicitated and handed over certificates to selected youth who have availed the assistance to start their own business venture.

“It is a day of pride for J&K. We have identified youth from every panchayat and town of the UT and more than 75000 youth have been connected with livelihood opportunities. I congratulate J&K bank as it has more than 90% share, extending around Rs 900 crores,” the LG said.

“J&K Bank has shed its past image. It is now the common man's bank and significant partner of J&K's developmental journey. Several initiatives have been taken to ensure financial inclusion where every citizen, irrespective of socio-economic status, is empowered to participate in the new age economy,” he added.

The LG said that his administration has taken many steps to create supportive infrastructure, schemes and policies to speed up economic development of Jammu Kashmir and to meet the aspirations of young people.

“Mission Youth, JKRLM and other government agencies along with J&K Bank are 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,” he added.

He added that the administration is fully committed to youth entrepreneurship and ensuring self-employment opportunities.

Speaking on the potential of youth of J&K, the LG said that from service sector to agri-entrepreneurs & start-ups, our youth have achieved unprecedented success.

“Pulwama has set a new record by providing opportunities to 7324 youth to set up their own business venture. J&K setting up maximum number of manufacturing units in PMEGP in the country last year and also generating maximum number of employment is a testimony to our commitment to youth,” he said.

“In all the newly started business ventures, 15% of the entrepreneurs are our daughters who have started their entrepreneurial journey in sectors like training institutes, boutiques, handicrafts etc,” he added.

Sinha said that the women are driving the socio-economic transformation in Jammu Kashmir and termed them the backbone of the society.

“It is indeed a privilege for J&K Bank to contribute in this campaign of women empowerment,” he said.

“Financial assistance worth thousands of crores rupees have been provided to lakhs of account holders through J&K Bank for better business arrangements and handholding of small entrepreneurs in Jammu and Kashmir,” he added.

The LG further made valuable suggestions for working in a focused manner to accelerate the development process and making a larger impact on the lives of the people.

“Agriculture & allied sectors, education and healthcare, information technology, infrastructure and self-reliance of every citizen, are the five core competencies that should be taken forward with an integrated action plan for the rapid development of Jammu Kashmir,” he said.

“The banking sector will have to play a pivotal role for the rejuvenation of the agriculture & allied sector. By taking banking services to common man, SHGs, village industries and innovative start-ups can create a competitive economy in Jammu and Kashmir,” he added.

On the occasion, the LG also launched various initiatives of the J&K bank including enhancement of Group Personal Accident Insurance from Rs 15 lakh to Rs 25 lakh for J&K UT Government Employee and instant loan disbursal for J&K Government employees.

An MoU between J&K Bank and Jammu Kashmir Energy Development Agency (JAKEDA) was also signed in presence of LG

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