Lt Governor announces sanctioning of over 10,000 cases under B2V3 Self Employment Programme, Economic Package and My Town-My Pride
Hands over a cheque of Rs 250 crore to J&K Bank as commencement of disbursement of 5% Interest Subvention and coverage of re-structured accounts of 2014 & 2016
First tranche of Interest subvention of 5% in case of all borrowers; Pending interest subvention under 2014 and 2016 rehabilitation schemes for restructured accounts released today
“My Government is committed to peace, progress & prosperity in J&K; progress made on nearly 50% of administrative measures under economic package. We mean what we say”: Lt Governor
24,000 posts identified, out of which 10,000 advertised
100% DBT in all individual beneficiary schemes within two months: LG
Beig Shamim Ahmed Oct. 27: Lieutenant Governor, Manoj Sinha today announced the sanctioning of over 10,000 cases under B2V3 Self Employment Programme, Economic Package and My Town-My Pride.
The Lt Governor was addressing the media persons during a Press Conference at Raj Bhavan Auditorium.
The Lt Governor’s press conference witnessed the announcement of some major reforms in the business sector, giving a determined push to the business revival and economic development of J&K, besides empowering youth and women entrepreneurs, making a positive impact on Self Employment.
The Lt Governor observed that his mantra for J&K revolves around 4 P’s viz Peace, Progress, Prosperity and People first. He said that the sanctioning of over 10,000 cases under B2V3 Self Employment Programme, Economic Package and My Town-My Pride highlighted the UT Government’s commitment to empower the youth which is one of the foremost priorities of J&K Government.
A total of 15309 applications were received, out of which 10828 have been sanctioned and an amount of Rs 100 cr has been disbursed to 6734 applicants, identified under B2V3.
We had taken up a target of covering at least 2 persons in each Panchayat who were in need of financial assistance for self employment, he added.
“I am happy to announce that we have covered nearly 10,000 cases and in order to mark the occasion, one person from each district of J&K is being handed over a sanction letter here” said the Lt Governor.
We stand committed to cover every single aspirant within the Union Territory of J&K, who wishes to set up his own business. What distinguishes the effort this time is the fact that unlike in past, where borrowers had to make several rounds of the bank to get a simple loan, the banks have been more than forthcoming towards helping the people.
The officers went to the villages under B2V3 and My Town My Pride, and identified the aspirants.
The officers from the bank also attended these events and in a departure from the normal culture of red-tapism, we have been able to sanction these cases within a short period of time, which is reflective of our resolve to help the young generation in achieving their aspirations, he continued.
The Lt Governor called upon the J&K Bank to not only extend financial assistance to these entrepreneurs but also provide handholding to them so that the youth who opt for self employment can set up sustainable businesses and flourish in their lives.
The Lt Governor also handed over a cheque of Rs 250 crore to J&K Bank as commencement of disbursement of 5% Interest Subvention and coverage of re-structured accounts of 2014 and 2016. He also termed it as very important milestone.
This is only the beginning and as and when requests are received for further disbursement, we will continue to meet these requests in a timely manner, he added.
Providing a much needed relief to the business community, the Lt Governor also announced that from 1st January, GST shall be reimbursed timely and automatically, without delays.
Reiterating Government’s commitment for taking comprehensive