JKEDI Announces Entrepreneurship Development Programme; Will Provide Loan up to Rs. 5 Lakhs to Women

The Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) inaugurated the Entrepreneurship Development Program (EDP) on 8 March 2022 as part of the Tejaswani (The Radiant) livelihood Scheme, a unique endeavor of Mission Youth to empower young women and enable them to become self-reliant. 

This initiative was first launched in 12 Union Territory districts in the first phase, with all remaining districts expected to be covered under the scheme in the coming days. 

In the Jammu area, 204 applicants from the districts of Samba, Doda, Kathua, Reasi, Ramban, and Udhampur participated in the EDP, while 142 candidates from the Kashmir region attended the program in Budgam, Srinagar, Kulgam, Baramulla, Bandipora, and Ganderbal. 

During the EDP, candidates will learn about basic business concepts such as business plan formation, market strategy, account management, and a variety of other relevant topics. 

"Today is International Women's Day, and there couldn't be a better day to launch a program for aspiring female women entrepreneurs.  This scheme will help them to earn a dignified livelihood,” maintained Anil Koul, Director JKEDI. 

The scheme's focus is on providing financial assistance to young women for the establishment of profitable self-employment ventures that are tailored to their skills, training, aptitude, and local conditions. The female entrepreneurs shall be facilitated to avail financial assistance under Mudra loan from J&K Bank to the extent of Rs.5.00 lakh.

Mission Youth, J&K shall provide an amount of Rs.50000 or 10% of project cost (whichever is minimum) as subsidy. 

In addition, Mission Youth will support the loan's interest component as a special incentive. This initiative will improve their socioeconomic status and lead to women's involvement in nation building.