1882 financial assistance approved under Mumkin scheme, says MHA
Under the Mumkin scheme initiative 1882 unemployed youth have been provided financial assistance in Jammu and Kashmir.
Moreover, 4239 youth clubs have been constituted across the Union Territory of Jammu and Kashmir. The information was released by the Ministry of Home Affairs (MHA) in its annual report 2021-22.
Under the ‘Mumkin’ Scheme, unemployed youth are facilitated to procure small commercial vehicles, on a subsidized basis, to promote sustainable livelihood in the transport sector. So far, 1882 applications for self-employment assistance under the scheme have been approved, the report reads.
On the occasion of International Women’s Day, Lieutenant Governor Manoj Sinha announced a special scheme ‘TEJASWINI’ to promote entrepreneurship among young women. The Scheme envisages giving financial assistance up to Rs.5 lakh to young women for setting up gainful self-employment ventures, suited to their skills, training, aptitude and local condition, the report reads.
The report further reads that under the special Volunteer Program “YOUTH CLUBS”, 4239 youth clubs have been constituted across the UT. More than one lakh youth will be involved in volunteer activities through the program. Moreover, the three best-performing Youth Volunteer Groups shall be rewarded each year with a cash price of Rs 50,000 to Rs 5,00,000 depending on the nature of the assignment and the magnitude of the target population covered.
SAHYTA Program has been rolled out with a special financial assistance program for youth in distress. The report reads that financial assistance of Rs.2 lakh can be provided under the scheme to youth in distress for setting up gainful self-employment units.
Further, Rise Together Scheme J&K has rolled out a specially designed community-oriented livelihood generation scheme for the youth of J&K under the name of ‘Rise Together. The programme envisions promoting community-based entrepreneurship optimally to generate jobs, and income and promote a spirit of social service among new-age young entrepreneurs of Jammu & Kashmir.
Under the scheme, the eligible youth groups are to be provided with financial assistance to the extent of 20.00 lakh ` comprising of an upfront subsidy component provided by Mission Youth (Minimum of 2.5 lakh or 10% of project cost) and a Loan provided by the Bank (70% of the project cost to the extent of Rs.17.50 lakh).
The balance cost of the project, not less than 20% of the project cost, shall be self-financed/ self-arranged by the beneficiary youth group as Margin Money, the report reads.
Parvaaz Scheme sponsors coaching for competitive examinations for recruitments conducted by UPSC/ JKPSC and other exams of similar nature. Candidates having total family income from all sources not exceeding 8.00 lakh per annum will be eligible ` for free coaching under the Scheme, the report reads.
As per the annual report, 30% of the numbers sanctioned for coaching shall be earmarked for girl students/candidates. Candidates to be provided assistance under the scheme shall be selected through a competitive process (Parvaaz Qualifying Test-PQT). Scholarship for Students belonging to Marginalized Sections of Society (Hon’ble LG’s Super 75 and Super B 75 Scholarship Scheme) –
The scheme is aimed to provide financial support to meritorious students for pursuing their academic aspirations by providing scholarships for Postgraduate Courses (Regular Mode Only). Financial support to the extent of Rs 1.00 lakh to eligible students pursuing postgraduate studies/ Research programmes to cover educational expenses is being provided, the report reads.
