The 118th steering committee meeting of Seed Capital Fund Scheme (SCFS) and 62nd meeting of Youth Startup Loan Scheme (YSLS) was held under chairmanship of commissioner secretary, labour and employment department, Saurabh Bhagat here on Thursday.
Two Hundred and Sixty One (261) cases of aspiring entrepreneurs sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different schemes were approved by the committee.
Out of 402 cases placed before the committee 235 cases were approved under Seed Capital Fund Scheme while 26 cases were approved under Youth Startup Loan Scheme, said a statement.
It said 189 cases were deferred and will be taken up in the next meeting. Two cases were dropped/rejected by the committee, the statement said, adding the decision in respect of deferred cases shall be taken in the next meeting as more clarifications were sought.
The committee shall meet again at Jammu on December 18 to clear the cases of aspiring entrepreneurs trained by JKEDI in Jammu division. Those who participated in the meeting include director employment department Suman Bhagat, vice-president A&AP division Syed Shafat Hussain J&K Bank, chief faculty JKEDI Dr Majid Manzoor Khan as member/secretary, district nodal officers of JKEDI from Kashmir division, officers of the employment department and sectoral experts from the line departments.