SRINAGAR, OCTOBER 12: The Director of the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI), Ajaz Ahmad Bhat, presided over a meeting on Thursday at the Institute’s Sempora campus to discuss the number of startups registered, the effectiveness of recovery efforts, and the overall status of repayment under various schemes.
The director of the organisation noted during the conference that startups are essential to giving the university’s young people chances. In order to empower the younger generation and provide them the chance to fulfil their entrepreneurial goals, JKEDI wants to encourage more company registrations.
But he didn’t take long to add that it’s also critical to have a reliable mechanism for repayment and recovery. As a result, a circle of development and self-sufficiency is created, ensuring that entrepreneurs get both early help and contribute to the programmes’ sustainability.
The Executive Director of JKEDI, the In Charge of Recovery, the Regional Coordinators, the In Charges of CIIBM and CSF, and all of the JKEDHP district nodal officials were present at the meeting.
In order to give Jammu and Kashmir’s youth the best chance to realise their dream projects, Director JKEDI instructed all employees to step up their efforts to encourage startup registrations. He also emphasised how crucial it is to take further steps to strengthen the recovery and payback systems.
The director also went into additional detail about the regional distribution of startups and emphasised the need to make sure that entrepreneurial opportunities are available in all of the UT’s districts. Mentorship, instruction, and resource access are all offered by the Institute. In order to guarantee the long-term success of startups, the Institute has a comprehensive support system in place.
Earlier, JKEDI, who is in charge of recovery and repayments, gave a thorough analysis of recovery data, highlighting the progress achieved by business owners in repaying loans and other obligations. The number of startup registrations in several areas has been found to be behind.
To ensure that all residents of the UT have equal access to opportunities, the director instructed these districts to step up their efforts in this area. A more balanced and sustainable environment for startups is made possible by directing the recovery efforts of those areas that were discovered to be lagging behind.
