The Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) has disbursed over Rs 66 crore to 2178 youth for establishment of micro enterprises in the state.
The money has been disbursed under Term Loan Scheme of National Minorities Development and Finance Corporation (NMDFC) being implemented by JKEDI since 2011, a JKEDI handout here said.
"The youth trained by JKEDI under self employment component of Himayat scheme form a major number of the cases disbursed so far. After training the youth are provided financial linkage by the institute.
"In the first two years of implementation of Himayat, JKEDI has trained 4046 candidates for entrepreneurship under the scheme, out of which 1746 candidates have been provided financial linkage under Term Loan scheme of National Minorities Development and Finance Corporation (NMDFC), New Delhi.
"An amount of Rs 46.26 crore has been sanctioned in favour of 1746 trained candidates (Himayat), out of which Rs 34.12 crore has been disbursed so far in favour of 1073candidates from all parts of the State, enabling them to earn a dignified livelihood.
"The trained candidates have been provided financial networking through Term Loan Scheme of NMDFC being implemented by the institute since 2011.
"The remaining amount of more than Rs 32 crore has been disbursed by the institute directly under Term Loan Scheme of NMDFC to 1105 beneficiaries.