Srinagar : Two Hundred and Sixty One (261) 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 Thursday.
The 118th Steering Committee meeting of Seed Capital Fund Scheme (SCFS) and 62nd meeting of Youth Startup Loan Scheme (YSLS) was held under the Chairmanship of Saurabh Bhagat, IAS, Commissioner/Secretary, Labour & Employment Department, J&K Government. Those who participated in the meeting were Suman Bhagat, Director Employment Department, Syed Shafat Hussain, Vice-President A&AP Division, J&K Bank Limited, Dr. Majid Manzoor Khan, Chief Faculty JKEDI as Member/Secretary, District Nodal Officers of JKEDI from Kashmir division, Officers of the Employment Department and sectoral experts from the line departments.
Out of 402 cases placed before the Committee 235 cases were approved under Seed Capital Fund Scheme while 26 cases were approved under the Youth Startup Loan Scheme. 189 cases were deferred and will be taken up in the next meeting. Two cases were dropped/rejected by the Steering Committee. The decision in respect of the deferred cases shall be taken in the next meeting as more clarifications were sought.
The Steering Committee shall meet again at Jammu on December 18, 2018 to clear the cases of aspiring entrepreneurs trained by JKEDI in Jammu division.