Budgam, June 23: In a significant push towards promoting self-employment and entrepreneurship among youth, the District Administration Budgam has received 5,699 applications under the Mission YUVA initiative, with 4,117 proposals approved by the Deputy Commissioner Budgam.
According to official data available with Rising Kashmir, out of the total applications received, 4,789 have been verified, while 899 applications are currently pending with the Small Business Development Unit (SBDU).
The data further reveals that 512 applications were returned to applicants through the Rejection Cell for various deficiencies. Of the verified applications, 4,117 have received approval from the Deputy Commissioner.
Officials said that 1,679 applications have been sanctioned by banks, while financial assistance has already been disbursed to 1,404 beneficiaries. Additionally, 623 applications were rejected by the Directorate of Employment. So far, 322 beneficiaries have received the first tranche of subsidy under the scheme.
An official said that Mission YUVA is a flagship initiative launched by the Government of Jammu and Kashmir in collaboration with J&K Bank to promote youth-led entrepreneurship, self-employment, and job creation across the Union Territory.
“The programme aims to establish more than 1.37 lakh enterprises and generate over 4.25 lakh employment opportunities, enabling young people to become job creators rather than job seekers,” the official said.
The official further said that 9,715 unemployed youth have registered themselves with the District Employment and Counselling Centre (DECC) Budgam. The registered candidates include 6,921 males and 2,794 females.
He urged unemployed youth aspiring to start their own ventures to apply through the Small Business Development Unit under Mission YUVA.
“Any unemployed individual interested in establishing a business can avail the benefits of Mission YUVA by applying through the SBDU. The scheme provides support and opportunities for aspiring entrepreneurs across Budgam district,” the official added.
