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    Jammu KashmirCS for formulating robust entrepreneurship plan to generate large scale employment

    CS for formulating robust entrepreneurship plan to generate large scale employment

    Date:

    SRINAGAR, JULY 8: Chief Secretary, Atal Dulloo, today had a detailed discussion with experts over a vision document formulated by the Department of Labour & Employment to create an for development of entrepreneurship to generate large scale employment in the Union Territory.

    Present in the meeting were Director, IIM Jammu, VC, IUST, ACS, Forests, Principal Secretary, Finance, Commissioner Secretary, Industries & Commerce, Secretary, Labour & Employment, Secretary, Planning, DG, Planning and others.

    Dulloo, while addressing the meeting, stressed on developing a highly favourable environment for development of entrepreneurship in J&K. He directed for devising a well thought strategy amenable to give rise to an ecosystem of entrepreneurship from grassroots to top level.

    He maintained that the broad contours of the strategy should comprise of identification of opportunities, complete awareness among the prospective beneficiaries about such avenues, their capacity building, credit linkage, operation of units and finally their handholding to ensure sustainability.

    The Chief Secretary also supported having a broad-based mechanism in place for mentoring and counselling of probable entrepreneurs right from the block level with inclusion of big institutions of the UT as innovation and incubation hubs guiding the start-ups. He asked for identification of resource persons who are expert to impart training to our youth.

    He emphasised linking of entrepreneurship with regular curriculum in our educational institutions for guidance and motivation of our youth towards this sector of employment generation. He asked for adopting good incentive based approach to encourage our existing enterprises besides having suitable provisions of equity, working capital, interest subvention  and revolving fund to support upcoming enterprises.

    Other participants also gave their inputs for implementation of the strategy. They advocated constitution of an Apex body at highest level that would monitor and coordinate the allied activities as per the adopted plan.

    The preliminary plan titled as Yuva Udyami Vikas Abhiyan (YUVA), thoroughly debated today, was comprised of extending explicit support to newly emerging nano, micro and small enterprises in the shape of developing culture, infusing capital, enhancing capacity, building connectivity (market linkages) for enabling flourishing environment for these enterprises.

    The document also envisages to give rise to enterprises that have the capacity to bring employability for nearly 5 lakh youth of J&K. It also envisions developing an ecosystem by creating mass awareness and bringing forth opportunities in collaboration with banks and other institutions that are viable and sustainable for the future entrepreneurs.

    The document envisions transforming the employment and entrepreneurship landscape  of J&K by creating a friendly environment, equipping the workforce with 21st century skills, providing access to tailored financial products and markets and building human capacity of new and existing businesses to achieve sustainable economic growth within the UT.

    Later, another meeting was chaired by the Chief Secretary to have an overview of the prospective plans for large scale promotion of Handicrafts and Micro, Small & Medium Enterprises (MSMEs) in J&K in collaboration with the Bank.

    The Chief Secretary had insights about the broad contours of the proposals prepared by the concerned departments. He called the exercises, carried out by the respective heads, the bedrock of the mega promotion plan to be taken up with the World Bank for consideration. He stressed on laying focus on introduction of modern , new designs, skill upgradation, credit linkages, marketing interventions while formulating their plans.

     

     

     

     

    Northlines
    Northlines
    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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