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.
To provide educated unemployed youth of the state margin money,capital and interest subsidy assistance for setting up their own business.
- 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)
- 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||┬á 75%|
|iii)||Next 6 months||┬á 50%|
Deputy Directors / Assistant Directors Employment of the concerned District
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