Shadow Correspondent
jammu, Feb, 04
Vice Chairperson, Khadi & Village Industries Board (KVIB), Dr Hina Shafi Bhat today asked the banks to act as facilitators in creating employment opportunities for youth as they are the backbone of all the entrepreneurial activities rolled out here. She made these remarks while chairing a bankers review meeting of the board for Jammu division here.
The meeting was attended by Secretary/CEO, KVIB, Rashid Ahmad Qadri; FA/CAO, KVIB, Vivek Attri, Dy CEO, KVIB Jammu, Masroor Ahmad Shah and other bankers and senior officers of the Board. Dr Bhat asked all the participants to work in mission mode for implementing
these employment generation programmes here in J&K. She said that it should be beared in mind that all of us are working for our own people and are duty
bound to offer them every kind of assistance they expect from us.
The Vice Chairperson also asked the banks to review their policy of taking guarantors or mortgage from the applicants up to a certain amount. She urged them to ensure than RBI guidelines regarding it are not violated as it asks for not asking for the same for a project cost below Rs 10.00 lakhs. She also asked them to reduce their pendency by periodically reviewing it.
She further asked them to encourage the applicants by processing their applications at a brisk pace and simplifying the procedures. She advised all the participants that no applicant should feel deprived instead all of them should be assisted in completing all the formalities without expending their time
fruitlessly. She asked for training the applicants for making successful entrepreneurs out of each of them.
Dr Bhat applauded the outcomes registered by KVIB, Division Jammu for their performance made till date. She asked them to carry on the momentum and aspire to make achievements beyond the set target. She said that it will create a good precedence for others to follow besides make them eligible to ask for more for the following financial year. Secretary / CEO asked the Bankers to settle pending cases in banks and release Ist instalment. He also advised bankers that TDR for 3 years should be prepared in the name of beneficiaries after receipt of margin money immediately. In a power point presentation given by Deputy CEO, KVIB Jammu it was revealed that the division Jammu is cumulatively ahead of target fixed. He elucidated that for both the employment generation schemes of Prime Minister Employment Generation Programme (PMEGP) and J&K Rural Employment Gaurantee Programme (REGP) the board is first time set to achieve the desired results. Shah further explained that KVIB under JKREGP has released and amount of Rs. 720.00 Lacs as Margin money (subsidy) to 291 numbers of beneficiaries thereby creating employment for 3616 youths in Jammu Division only. In another scheme i.e PMEGP, an amount of Rs.1944.97 lacs as Margin money has been released by the implementing agencies to the 676 beneficiaries so for. It was also given in the review that under PMEGP against a target of 390 units KVIB, Jammu has released margin money to 401 units thereby creating employment for 3208 persons. Similarly under JKREGP 291 units has been provided a margin money of Rs 720.00 lakhs creating employment for 3616 persons registering a financial target of 79.64% prior to 2 months before the end of financial year.
The district wise and bank wise disbursements made till date were given in the meeting and it was made clear that all the targets will be met with ease and in some components performance beyond targets will be made.
