SRINAGAR The State Administrative Council (SAC) which met here today under the chairmanship of Governor, N N Vohra approved the launch of a big-ticket Employment Generation programme namely J&K Rural Employment Generation Programme (JKREGP)” with an annual outlay of Rs 50 Crore to start with.
The new scheme will target 1500 unemployed youth annually in the initial phase and will be implemented by J&K Khadi Village & Industries Board (KVIB) from the financial year 2018-19. The scheme is being launched with an objective to harness and channelize energy and entrepreneurial skills of rural unemployed youth towards productive enterprise in micro industrial sector and to create employment opportunities for them.
The Scheme shall be a Direct Benefit Transfer / Credit Linked Subsidy Scheme with term loan equivalent to 60% of the project cost to be provided by the financial institutions with the Government subsidy in the shape of Margin Money of 35% in rural areas/villages across all categories. The beneficiary shall be required to put his share, equivalent to 5% of the project cost up to Rs.25.00 lakh.
The Scheme covers around 18 activities under Agro& Food Processing Industry, 12 activities under Forest Based Industry, 7 activities under Handmade Paper/Fiber Products, 8 activities under Mineral Based Products, 8 activities under Polymer & Chemical Based Industry, 14 activities under Rural Engineering & Biotechnology, 27 activities under Service Industry and 17 activities under Textiles. The Scheme provides detailed guidelines relating to eligibility of persons for availing benefits.
Over the years several initiatives like UDAAN, HIMAYAT, Seed Capital Fund Scheme, Youth Start-up Loan Scheme and Prime Ministers Employment Generation Programme (PMEGP) have been taken up to provide gainful employment and employability to youth of Jammu and Kashmir, where the unemployment rate is highest in the country followed by states like Kerala and Assam.
Of these PMEGP is the most sought programme implemented by KVIB and District Industries Centres (DICs). The programme though having shown good results has faced a limit of annual targets vis-à-vis the number of aspirants.
SAC approves DPR of Ujh Multipurpose Project
Will generate 186 MW Power, irrigate over 31,000 Ha land in Kathua
The State Administrative Council (SAC) which met here today under the chairmanship of Governor, N N Vohra approved the revised DPR of the Ujh Multipurpose Project costing Rs.4750 crores. The project on completion will generate 186 MW of electricity and irrigate around 31,380 hectares of land in Kathua District.
In the revised DPR, the height of the reservoir in the Dam has been reduced, as a result of which the area under submergence has reduced from 41 sq km to 34.5 sq km i.e. reduction of about 7 sq km, with the likely population to be affected by submergence coming down by about 3000 people i.e from 11498 to 8684 souls.
The Government of India will be funding the project in the ratio of 90:10. The State will provide Rs. 475 crores as its share. The Relief and Rehabilitation (R&R) plan for the Project Affected Families (PAFs) will be on the lines of the Kishanganga Hydroelectric Project.
The Ujh Multipurpose Project has been a long pending demand of the people of the State and the completion of this Project within a period of three years will ensure assured irrigation to a vast area of 31,000 hectares, thereby, changing the agricultural as also the power scenario in the region. With this project, the socio-economic development of the region will receive a big boost.
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