Over 1.59 Lakh Registrations Recorded Under Mission YUVA In J & K

(MENAFN- Kashmir Observer) Jammu- More than 1.59 lakh registrations were recorded under Mission YUVA in the past six months with 44,857 proposals approved and loans worth Rs 756.28 crore sanctioned in Jammu and Kashmir, officials said on Sunday.

On June 28 last year, Chief Minister Omar Abdullah launched the much-anticipated Mission YUVA (Yuva Udyami Vikas Abhiyan), a visionary initiative to foster entrepreneurship in J&K by creating 1.37 lakh enterprises and 4.25 lakh jobs in five years.

“The mission has recorded 1,59,327 registrations, with 65,353 applications submitted so far. Through a structured, multi-tier process, 44,857 proposals were approved, 13,324 cases sanctioned by banks, and 10,329 entrepreneurs have already received disbursements.

“Banks have sanctioned loans worth Rs 756.28 crore, with Rs 594 crore disbursed. An average project cost of Rs 6.59 lakh underscores the mission's focus on inclusive, employment-intensive enterprises. Notably, over 77 per cent of sanctioned cases have already been disbursed,” an official spokesman said.

Anchored in an evidence-based design, Mission YUVA is being implemented by the Labour and Employment Department with active support from district administrations. It focuses on structured credit linkage, institutional facilitation and sustained hand-holding to ensure enterprise viability.

According to the officials, a baseline survey covering over 24 lakh households and 1.1 crore individuals identified 5.5 lakh potential entrepreneurs across the Union Territory, providing a strong empirical foundation.

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