Excelsior Correspondent
SRINAGAR, May 16: The People’s Democratic Party has lauded the decision of the Chief Minister Mehbooba Mufti to improve the ease of doing business for young entrepreneurs by introducing a series of business friendly measures, including doing away with the need for multiple No Objection Certificates (NoCs).
PDP chief spokesperson, Dr Beg said this is a first of its kind decision aimed at alleviating the problems being faced by the youth in the State at large, and the Valley in particular. “The decision taken by the Chief Minister will help address the problems of the unemployed youth. It shows the Government is clearly focused on the youth and mitigating their sense of alienation that aggravates with a sense of marginalisation,” Beg underlined.
“The Government has done away with all the red-tape put in place by the previous National Conference administration,” he said.
“The Chief Minister has decided to do away with the cumbersome process of getting NoCs from different departments for setting up a unit and simplifying it with a one-page declaration,” Beg said.
There are, however, two departments from where young entrepreneurs will have to get the NoCs – the Jammu and Kashmir Pollution Control Board and Electricity Department. ” To ensure the step does not become an impediment for those wanting to start businesses in the state, the Chief Minister has said that the NoCs must be given by the Pollution Control Board and Electricity Department within 30 days, respectively, failing which the NoC would be deemed granted to the applicant,” the PDP leader said.
The decision was taken at a high-level meeting on Monday, three days after members of the Jammu & Kashmir Entrepreneurship Development Institute (EDI) met the CM with a list of demands to facilitate setting up of business units in the State.
“The move will bring major relief for entrepreneurs and the nearly 15 lakh unemployed youths in the state by significantly reducing unemployment and increasing employability,” Beg added.
“Another major decision taken at the meeting was to set up a specialised unit of JK Bank at EDI to facilitate the trained entrepreneurs in getting single-window hassle-free credit. Similar special desks and units would be set up at regional and district levels by the JK Bank, too. This would facilitate the entrepreneurs in easy getting access to credit without going from one branch to another,” Beg said.
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