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JAMMU & KASHMIR: SET UP YOUR OWN BUSINESS FROM LOW INTEREST LOAN UPTO RS 10 LAKH

Department of employment of jammu and Kashmir has come up with a new scheme to provide money for establishing their own employment generation units.

Objective:

To provide educated unemployed youth of the state margin money,capital and interest subsidy assistance for setting up their own business.

Eligibility:

  • Age- 18-42 years(General category) and 18-47(SC/ST/OBC/Handicapped/Ex-servicemen/women)
  • Qualification requirement- 8th Pass(However, no educational qualification shall be insisted upon for candidates having qualified training course of not less than one academic year duration from a government institution)

Benefits:

  • Project Cost can be- Rs 2 lakhs for retail trade, Rs 3 lakhs for Service/Industries trade and Rs 10 lakhs for joint venture(2 persons and above)
  • The Govt. is providing Interest Subsidy to beneficiaries on the bank loan on tapering basis for a period of two years in the following pattern:-
i) During 1st 6 months 100%
ii) One year after 1st 6 months   75%
iii) Next 6 months   50%

Contact person:

Deputy Directors / Assistant Directors Employment of the concerned District

For More Info: Click here

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