Mission Youth CEO Initiates Accelerated Approvals and Entrepreneur Program Sponsorships – Jammu Kashmir Latest News | tourism

Excelsior correspondent
SRINAGAR, August 31: Dr. Shahid Iqbal Choudhary, Chief Executive Officer, Mission Youth and Secretary Tribal Affairs, today asked banks and program partners to introduce youth-friendly measures to approve and sanction cases under various entrepreneurship programs. DLICs have so far approved more than 7600 cases worth Rs 618 Cr.
Vice President J&K Bank, Director, JKEDI, District Node Officers, OSD’s Mission Youth and partner organizations in various programs attended the meeting where a number of decisions were made to revise the process of DPR formulation, skill training and sanctions.
It has been informed that District Level Implementation Committees (DLIC) led by Deputy Commissioners have approved 5176 cases under the Mumkin scheme valued at Rs 496 Cr, of which 4295 cases have been referred to banks and 2315 have been paid out so far while under of the Tejaswini program for women 2443 cases evaluated Rs 122 Cr were approved by the DLICs.
2700 applications have been received/approved by the DLICs as part of the Spurring Entrepreneurship Initiative. In light of massive youth demand, the Treasury has approved 5% margin funds to be sponsored under the program, among other benefits already reported. A youth skills development program has also been introduced. A total of 68 cases have been approved under the Rise Together scheme, which offers up to Rs 10 lakh per company.
In light of feedback from Nodal Officers DLIC and DECC Officers, it was decided that DPR formulation would be coordinated at the district level through Designated Competent Authorities and candidates would have the opportunity to formulate the DPR themselves. Skill Development Training and Entrepreneurship Development Program (EDP) under the Tejaswini program are now conducted at JKEDI, Rural Self-Employment Training Institute (RSETI), Polytechnics, Industrial Training Institutes and Skill Development Training Institutes, those at NSDC and J&K Skill Development Mission are registered
J&K Bank has been requested to notify the district-level Nodal Complaints Remediation Officers regarding several issues raised in connection with the sanctioning and disbursement of cases to ensure timely resolution of the issues and to serve the youth under various Programs to help entrepreneurs succeed. The CEO also asked district teams and headquarters for a monthly weekly review of progress and real-time data updates.