Principal Secretary, Skill Development Department (SDD), Dr Asgar Hassan Samoon, today chaired a meeting regarding promotion of startups by SDD through establishment of Small Business Development Units (SBDUs) and incubation centers in Polytechnics and ITIs of J&K.
Professor B S Sahai, Director, IIM Jammu, Director, Skill Development Department, Sudershan Kumar, Mission Director, Leena Padha, Principals/ Superintendents of Polytechnics and ITIs from Jammu and Srinagar besides faculty of IIM Jammu attended the meeting.
Dr Samoon, while addressing the meeting, said that Skill Development Department shall provide requisite space in 20 Polytechnics and ITIs for setting up of SBDUs and incubation centers.
Besides, IIM Jammu team will help in designing the space and infrastructure for the office and incubation centers and funds amounting Rs 10 lakh shall be provided to each SBDU under Skill Development Mission, J&K.
Principal Secretary said that SBDUs in each district will deliver professional, high quality and technical assistance to budding entrepreneurs and existing small businesses. Dr Samoon added that SBDUs stakeholders meet shall be organised by the department in January.
Prof Sahai, while speaking on the occasion, said that these SBDUs will provide one-stop business solutions and help small businesses access capital, develop and exchange new technologies, improve business planning, financial management, marketing and increased productivity and innovation.
He said that selected SBDUs will provide the hand holding and capacity building training to faculty to create an ecosystem of startups in J&K.