Excelsior Correspondent
SRINAGAR, Apr 30: Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) has disbursed more than Rs. 66 crores to 2178 youth for establishment of micro enterprises in the State.
A statement issued here said the money has been disbursed under Term Loan Scheme of National Minorities Development and Finance Corporation (NMDFC) being implemented by JKEDI since 2011.
“An amount of Rs 46.26 crore has been sanctioned in favour of 1746 trained candidates (Himayat), out of which Rs 34.12 crore has been disbursed so far in favour of 1073 candidates from all parts of the State, enabling them to earn a dignified livelihood.
The remaining amount of more than Rs 32 crore has been disbursed by the institute directly under Term Loan Scheme of NMDFC to 1105 beneficiaries to set up their micro enterprises for dignified livelihood, since 2011 In addition an amount of Rs 2.70 crore has been disbursed among 86 beneficiaries under Educational Loan scheme of NMDFC also being implemented by JKEDI, it further states.
On Saturday the 25th Steering Committee of Term Loan Scheme of NMDFC for candidates trained under Self Employment Component of Himayat was held under the chairmanship of Dr M I Parray, the Director, J&K Entrepreneurship Development Institute at Jammu.
“DPRs of 236 enterprises involving 236 entrepreneurs were approved by the Steering Committee. All these cases involved total Project Cost of Rs.713.79 lakh including Term Loan of Rs. 263.75 lakh, Working Capital of Rs.527.80 lakh and Beneficiaries’ Contribution of Rs. 39.65 lakh,” the statement adds.
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