KVIB sponsores 2179 units under ‘Startup and Stand up’ initiative

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By Fast Kashmir on 17/03/2017. No Comments

KVIB sponsores 2179 units under ‘Startup and Stand up’ initiative

PIC BY, SHAH JAHANGER/FK

 

Srinagar, March 17: As per Prime Minister’s ‘Startup and Stand up’ initiative J&K Khadi & Village Industries Board has sponsored 2179 units involving the Project cost of Rs 50.38 crores under Textile Sector to Financing Banks under MUDRA Scheme during the present quarter of the financial year 2016-17.

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Vice Chairman J&K Khadi & Village Industries Board Mansoor Hussain Soharwardhi presided a meeting of officers of the Boar at Civil Secretariat Srinagar on Friday which was attended by Mir Afroz, Secretary/CEO, Deputy Chief Executive Officer KVIB Kashmir Division and District Officer.

The Vice Chairman was informed that the Board has established more than 47,000 units under Village Industrial Sector in the state which produce goods and service worth Rs 1758 crores per annum and create employment opportunities for more than 86,900 workers and artisans. During the meeting it was informed that for the current financial year subsidy to the tune of Rs 1786 crores to 893 number of units shall be released under Prime Minister’s Employment Generation Program (PMEGP) envisaging employment opportunities to 7144 workers.

With a view to organize the traditional industries on modern lines and to make them more productive, competitive and to ensure their sustainable development, Board is organizing village industries according to Cluster approach under SFURTI program. It was stated that Rs 8.00 crores have  already been released for establishment of two village industries cluster, one in District Anantnag and the other in District Budgam.

Vice Chairman J&K Khadi & Village Industries Board Mansoor Hussain Soharwardhi enjoined on the officers of the Board to work with dedication and sincerity and provide handholding support to the aspirant rural entrepreneur’s especially unemployed youth. He further said those units must be established which are economically feasible and financially viable. (CNS)

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