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| KVIB establishes 5243 units under PMEGP: Afroz | | | EARLY TIMES REPORT
JAMMU, Feb 9: J&K Khadi & Village Industries Board (KVIB) has established as many as 5243 units under Prime Minister's Employment Generation Programme (PMEGP) since 2008, which has provided the employment to 37131 unemployed persons in the state.
This was informed by Secretary/Chief Executive Officer KVIB, Mir Afroz while addressing media persons here today.
Afroz said that KVIB has played a vital role in generating employment opportunities in the state, which has provided employment to unemployed youth, even those who are less educated or unskilled.
He said that 5243 units have been established by KVIB and extended Rs 62 crores as the subsidy to the units in last five years. He informed that in the current financial year the KVIB had sponsored 2272 cases and sent to the banks for advancing and out of these 698 cases have been executed by the concerned banks and rest are under process. "The KVIB has released Rs 10.76 crores as subsidy in the favour of the entrepreneurs, who had got sanction from the bank", he added.
Mentioning about the activities of the Board, he said that KVIB not only finance the artisans but also provide ample opportunity to expand their business, so that the entrepreneurs may not feel like an abandoned.
Disclosing about the future plans of the Board, he said that one such fifteen-day state level Khadi exhibition-cum-sale is being commenced on February 10 in which mass awareness will be the main objective.
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