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JAMMU: The Government of Jammu and Kashmir (J&K) has reached out to 16,800 youths with its Rs 264 crore financial assistance to assist them become entrepreneurs under the Back to Village (B2V) and My Town My Pride (MTMP) programmes. Manoj Sinha, Lieutenant Governor (LG), said that investors from across the globe are watching and considering J&K as their preferred location for investment.
Officials said that LG Sinha handed over a cheque of Rs 250 crore to Jammu and Kashmir Bank as the second instalment of 5 per cent interest subvention under the economic package as a relief for the business sector in J&K. He added that the scheme is home delivery of bank services to the aspiring entrepreneurs.
Sinha said that the investors will find J&K as a promising and innovative destination for investments due to ready land bank and a lot of opportunities waiting for them. He added that the assistance of Rs 28,400 crore new industrial development scheme will boost the morale of entrepreneurs and investors.
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