Entrepreneurship programme, loan mela held at Ganderbal

GANDERBAL: Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) Tuesday organized daylong entrepreneurship awareness-cum loan mela at Ganderbal. Nearly 200 participants including 60 females, students, senior citizens and educated unemployed youth attended the programme.

A detailed overview of all the schemes implemented by JKEDI was provided to the participants with special discussion on NMDFC.

District Nodal Officer, JKEDI Ganderbal, Imtiyaz Ahmad and District Coordinators Ganderbal, Syed Mudasir and Sheikh Salma conducted the proceedings of the daylong event. Senior officers from J&K Bank present on the occasion addressed the gathering and discussed different facets of entrepreneurship.

The institute offers three schemes including NMDFC’s term loan under which financial assistance is given to aspiring entrepreneurs at 6% per annum simple interest rate.

Another is Seed Capital Fund Scheme (SCFS), which forms a major component of SKEWPY. Under the scheme, 35 percent of the total project cost is provided by JKEDI as seed money and the rest is financed by JK Bank at the concessional rates of interest.

Under Youth Start-Up Scheme (YSLS), soft loans at 6 percent simple interest are provided to educated unemployed youth to start their entrepreneurial ventures.

During the programme, successful entrepreneurs already financed by JKEDI under various schemes also interacted with the educated unemployed youth and inspired them to take up entrepreneurship as a career.

MLA Ganderbal, Sheik Ishfaq Jabar, Cluster Head J&K Bank, Ganderbal Shafat Kitab, Lead District Manger Ganderbal, Faiz Ullah Qureshi and District officers from KVIB and Employment Exchange, DIC were present on the occasion.

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