District Level Task Force Committee approves applications under JK-REGP, PMEGP

Budgam, Aug 30: A meeting of the District Level Task Force Committee (DLTFC) under the Jammu and Kashmir Rural Employment Generation Programme (JKREGP) and Prime Minister’s Employment Generation Programme (PMEGP) was today convened at Budgam under the chairmanship of the Deputy Commissioner (DC) Budgam, Dr. Bilal Mohi-ud-Din Bhat.A statement issued here said that 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 57 applications placed before the committee, 51 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 around 410 youth in rural and semi-urban areas of Budgam.Speaking on the occasion, DC emphasized that the JKREGP and PMEGP schemes are 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.” 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.