LG rolls out Rs 15 lakh Accidental Insurance Cover for Jammu & Kashmir Government employees

Higher credit flow was witnessed in Agriculture, MUDRA, small scale industries, Self help groups & promotion of entrepreneurship, infrastructure related investment, the Lt Governor said. 

Financial assistance is being extended to the enterprising Youth from panchayats to realize their dreams and transform their entrepreneurial ideas into reality. Last year, 44,403 young boys and girls, SHGs were provided financial assistance. In the first 4 months of this year, 3,407 youth have been turned into entrepreneurs by this financial assistance, the Lt Governor said Under Hon’ble Prime Minister’s Stand Up India Mission, 1560 beneficiaries have received the credit of Rs 10 lakh to One crore for starting their business ventures.

More than 2.62 lakh accounts have been opened, and Rs 5696 crore has been disbursed to small and micro-entrepreneurs under the MUDRA Yojana. For the first time, the street vendors of Jammu and Kashmir have been connected with the banking facility and loan has been disbursed to 14,682 beneficiaries till date, said by Lt Governor.