A meeting of the District Level Task Force Committee (DLFTC) under the Jammu and Kashmir Rural Employment Generation Programme (JKREGP) was today convened at Budgam under the chairmanship of the Deputy Commissioner(DC) Budgam Dr. Bilal Mohi-ud-Din Bhat.
The meeting was attended by the General Manager, DIC Budgam; Lead District Manager Budgam, Executive Officer J&K KVIB Budgam; Principal ITI Budgam, and representatives from State Bank of India and J&K State Co-operative Bank Budgam.
During the meeting, the committee held threadbare discussions and examined loan applications sponsored through the J&K Khadi and Village Industries Board (KVIB) for the establishment of micro and small enterprises in the district. Out of a total of 46 applications placed before the committee, 31 projects were recommended and approved for bank financing.
The approved projects cover a variety of sectors, including manufacturing, services, and agro-based industries. Once established, these ventures are expected to create direct employment opportunities for youth in rural and semi-urban areas of Budgam.
Speaking on the occasion, the DC emphasized that the JKREGP scheme is crucial in providing vital financial assistance to aspiring entrepreneurs, enabling them to establish their own business units. He said, “By approving these projects, we are promoting self-reliance, rural industrialization, and sustainable employment generation in Budgam.
Youth should take maximum advantage of such schemes to become job providers rather than job seekers.” The DC issued directions to all concerned officers and bankers present to ensure time-bound processing of the approved cases, hassle-free loan sanctioning, and prompt subsidy disbursal to the beneficiaries.
He also directed the KVIB to handhold entrepreneurs at every stage from project formulation to execution so that approved units are established on ground without delay. The representatives of banks were directed to ensure full cooperation in early sanction and disbursement of loan assistance to the beneficiaries.
The DC directed the banks to adopt a pro-active approach in financing rural entrepreneurs so that the employment generation potential of the schemes is fully realized. The DC further said that District administration Budgam is committed towards making the district a hub of rural entrepreneurship and self-employment by harnessing the potential of youth and supporting them under flagship livelihood generation schemes.
Meanwhile, applicants whose projects have been approved are advised to approach their respective financing banks immediately for completion of the necessary formalities.