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In J-K, jobless to get money to set up business
Mon, Nov 16 06:21 AM
Lack of money will no longer keep unemployed youth in J&K from starting business units. The state government, under a new scheme to be launched soon, will fund businesses of young entrepreneurs who can't find government jobs, the main source of employment in a state where private sector jobs are almost non-existent.
Under the scheme, likely to be launched by Chief Minister Omar Abdullah on December 5, the birth anniversary of National Conference founder Sheikh Mohammad Abdullah, unemployed men and women between 18 and 37years of age will get Rs 3 to 10 lakh to set up income generating units in the state. Entrepreneurs would get Rs 3-5 lakh as margin money and seed money which they would not have to pay back. For building common facility centres cold storage facilities for flowers and fruits, collection centre for packaging and grading of fruits, labs for agriculture and food items entrepreneurs would get assistance amounting to 50 per cent of the project cost or a maximum of Rs 10 lakh.
The scheme, however, comes with a rider. Those who get the funding can't seek government jobs. In fact, they will have to undertake the same in writing through a government employee. In case, the person takes up a government job resulting in closure of business, the guarantor employee will have to refund the money along with interest. "We have made it mandatory for youth that they can't take up a government job after receiving the money. This is to ensure real self-employment," J&K's Labour Minister A G Malik said.
Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) will prepare project reports, release money, identify viable businesses and assist in setting up as well as running of the business. Though all modalities of the scheme have not been disclosed yet, the youth have been asked to register for the scheme. Omar too has reportedly directed his partymen to get the youth registered.
About 4 lakh unemployed youth have already registered with the employment department since August when Finance Minister Abdul Rahim Rather announced the government would launch the scheme.
ISRO to set up satellite stations in J-K schools
SRINAGAR: THE Indian Space Research Organisation (ISRO) has decided to set up 1,000 satellite receiving stations in J&K to make education accessible to people living in the remote border regions of the state.
ISRO said it was impressed with the "good use" of Edusat, a satellite devoted exclusively to long-distance learning, by J&K since the services were launched in the state in 2007 which led to the decision to establish the stations.
ISRO will set up 500 stations each in schools and colleges in Kashmir and Jammu. A good number of these stations will also be established in Ladakh region. "These stations will come up in every district," Director School Education, Kashmir, Shagufta Parveen said. "We have already established these stations at Karnah,Keran, Ladakh and Anantnag. We have also set up one such station at Women's College in Srinagar."
The project would benefit around 10.23 lakh students in the Valley and Ladakh alone.
MAJID JAHANGIR
Ishfaq Naseem
Mon, Nov 16 06:21 AM
Lack of money will no longer keep unemployed youth in J&K from starting business units. The state government, under a new scheme to be launched soon, will fund businesses of young entrepreneurs who can't find government jobs, the main source of employment in a state where private sector jobs are almost non-existent.
Under the scheme, likely to be launched by Chief Minister Omar Abdullah on December 5, the birth anniversary of National Conference founder Sheikh Mohammad Abdullah, unemployed men and women between 18 and 37years of age will get Rs 3 to 10 lakh to set up income generating units in the state. Entrepreneurs would get Rs 3-5 lakh as margin money and seed money which they would not have to pay back. For building common facility centres cold storage facilities for flowers and fruits, collection centre for packaging and grading of fruits, labs for agriculture and food items entrepreneurs would get assistance amounting to 50 per cent of the project cost or a maximum of Rs 10 lakh.
The scheme, however, comes with a rider. Those who get the funding can't seek government jobs. In fact, they will have to undertake the same in writing through a government employee. In case, the person takes up a government job resulting in closure of business, the guarantor employee will have to refund the money along with interest. "We have made it mandatory for youth that they can't take up a government job after receiving the money. This is to ensure real self-employment," J&K's Labour Minister A G Malik said.
Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) will prepare project reports, release money, identify viable businesses and assist in setting up as well as running of the business. Though all modalities of the scheme have not been disclosed yet, the youth have been asked to register for the scheme. Omar too has reportedly directed his partymen to get the youth registered.
About 4 lakh unemployed youth have already registered with the employment department since August when Finance Minister Abdul Rahim Rather announced the government would launch the scheme.
ISRO to set up satellite stations in J-K schools
SRINAGAR: THE Indian Space Research Organisation (ISRO) has decided to set up 1,000 satellite receiving stations in J&K to make education accessible to people living in the remote border regions of the state.
ISRO said it was impressed with the "good use" of Edusat, a satellite devoted exclusively to long-distance learning, by J&K since the services were launched in the state in 2007 which led to the decision to establish the stations.
ISRO will set up 500 stations each in schools and colleges in Kashmir and Jammu. A good number of these stations will also be established in Ladakh region. "These stations will come up in every district," Director School Education, Kashmir, Shagufta Parveen said. "We have already established these stations at Karnah,Keran, Ladakh and Anantnag. We have also set up one such station at Women's College in Srinagar."
The project would benefit around 10.23 lakh students in the Valley and Ladakh alone.
MAJID JAHANGIR
Ishfaq Naseem
