75th Steering Committee meet under NMDFC’S Term Loan scheme held
JK News Today
SRINAGAR, NOVEMBER 16:
Jammu and Kashmir Entrepreneurship Development Institute (JKEDI), on Saturday held 75th Steering Committee under the Term Loan Scheme to grant approval to the cases of aspiring entrepreneurs.
The meeting was chaired by Director, Jammu and Kashmir Entrepreneurship Development Institute, Tufail Matto.
Chief Faculty JKEDI, Dr. Majid Manzoor Khan and officers from the concerned verticals of the institute participated in the meeting.
As many as Fifty Seven cases of the candidates trained by the Institute under Himayat Self Employment Scheme (HSES) were placed before the Steering Committee for approval.
The committee approved 56 cases for the soft loan facility under Term Loan scheme of National Minorities Development and Finance Corporation (NMDFC), Ministry of Minority Affairs (MoMA), Government of India. Pertinent to mention that of these approved cases, 50 belong to the newly formed Union Territory of Jammu and Kashmir while seven (07) cases are from Union Territory of Ladakh.
An amount of Rs. 2.27 Crore was approved by the Committee, which includes a Term Loan component of Rs 88.46 lakh and Working Capital of Rs. 141 lakh.
The cases were approved for setting bakery, spices, non-woven carry bags, steel fabrication; establishment of DTP centres, diagnostic labs, general stores, shuttering houses, camping agencies and tent houses, distribution of FMCG, trading activities like sale of electric equipment, timber, ice creams, cosmetics, grocery; and sheep and dairy farming units.
During the meeting, Director JKEDI called for speedy disbursal of the soft loans in favour of the candidates whose cases have been approved.