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
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