VoV Web Desk

Growing economy

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There is a lot of visible growth in the economy both in the tourism and industrial sectors. Tourism industry is witnessing a boost as the J & K government is trying to introduce village tourism to engage youth in the rural areas in this sector.

The easily accessible online platform would act as an interface between trained and skilled workforce and will also deal with industry requirements in J&K. Under the New Industrial Scheme, special focus is given on training of local youth to fulfill the needs of a skilled workforce.

Another programme “Sahyta” has been rolled out to provide a special financial assistance for youth in distress. Financial assistance of one lakh is being provided under the scheme to youth in distress for setting up solo self-employment units.

Under a sector specific scheme for dental professionals, a customised financial support is being provided to dentists for setting up dental clinics. An amount of 8 lakh is provided as financial assistance under this scheme for setting up their venture.

Another scheme “Rise Together” envisions promoting community-based entrepreneurship optimally to generate jobs, income and promote the spirit of social service among new-age young entrepreneurs in J&K. Under the scheme, the eligible youth groups are provided with financial assistance to the extent of Rs 20 lakh comprising of upfront subsidy component minimum of Rs 2.5 lakh or 10 percent of the project cost and a loan provided by the Bank to the extent of Rs 17.50 lakh.

With all these initiatives, the government has endeavoured to make the interest and empowerment of youth as top priority. The government envisions reaching out to all the young population of Jammu & Kashmir within the next five and making it possible for them to be actually a propelling force for socio-economic transformation of Jammu & Kashmir.

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