JK News Today
Srinagar, October 31, 2025: In a landmark achievement marking a new era of youth entrepreneurship in the Union Territory, J&K Bank today achieved a historic milestone by disbursing over ₹100 crore in a single day under Mission YUVA, the flagship employment and entrepreneurship programme of the Government of Jammu & Kashmir.
To date, 1.26 lakh youth have registered, 51,000 applications completed, 8,500 cases sanctioned, and 6,500 enterprises disbursed, with projects worth ₹700 crore sanctioned and ₹370 crore already disbursed.
Observed across all districts as “Mission YUVA Disbursal Day”, the mega drive benefitted 1,200 young entrepreneurs, reaffirming the Bank’s commitment to the Government’s vision of creating a robust, self-sustaining ecosystem for youth-led enterprises.
Under the visionary leadership of Hon’ble Lieutenant Governor Shri Manoj Sinha, and dedicated to the Union Territory by the Hon’ble Chief Minister Shri Omar Abdullah the project—conceptualized through a series of meetings and brainstorming sessions led by Shri Atal Dulloo, Chief Secretary, J&K—is now transforming the entrepreneurial landscape of Jammu and Kashmir.
Speaking on the occasion, Mr. Amitava Chatterjee, MD & CEO, J&K Bank, congratulated the teams involved and said:
“This milestone is not just about credit disbursed—it is about confidence infused into the veins of J&K’s youth. Mission YUVA represents the shared resolve of the Government and J&K Bank to empower every capable young mind to become a job creator.”
The event witnessed participation of senior officers from J&K Bank including Chief General Manager (Business Development) Sunit Kumar, General Managers Rakesh Magotra and Nishikant Sharma, DGM Aneet Kanwal Singh, along with Divisional Heads, Zonal Heads, District Coordinators, and Mission YUVA officials.
Secretary Labour and Employment, Shri Rajeev Ranjan, applauded the proactiveness of banks in quick, efficient disbursal to budding entrepreneurs. Mission Director Shri Shahzad Alam reaffirmed the commitment to make Mission YUVA, a model for grassroots level entrepreneurship which other states and UTs can adopt.
Mission YUVA – Converting Youth Aspirations into Enterprises
Mission YUVA, steered by the Department of Employment and Skill Development, is a comprehensive entrepreneurship and livelihood initiative designed to convert youth from job-seeking to job-creating. Built upon four pillars — Culture (mindset), Capital (credit & subsidy), Capacity (skills & training), and Connectivity (digital & market linkage) — the Mission aims to establish 1.37 lakh enterprises generating 4.25 lakh employment opportunities over five years.
A UT-wide Baseline Survey covering 23.64 lakh households and 1.1 crore individuals has identified five lakh potential entrepreneurs, whose ideas are being supported through the institutional network of Small Business Development Units (SBDUs), Business Help Desks (BHDs), and YUVA-Doots at the grassroots level.
Technology and Transparency
Through the Mission YUVA Portal (www.missionyuva.jk.gov.in), applications are received, DPRs generated using AI-based tools, and credit linked digitally with banks — ensuring efficiency and transparency throughout the process.
A New Chapter in J&K’s Economic Transformation
The ₹100 crore single-day disbursal stands as a resounding testament to Jammu & Kashmir’s collective determination to empower youth and stimulate local enterprise. The Government’s sustained focus on credit enablement, capacity building, and market connectivity under Mission YUVA is setting new benchmarks in inclusive, technology-driven growth.
