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  J&K Self Employment Scheme  
     

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Introduction
The “Jammu and Kashmir State Self Employment Scheme” being implemented by Employment Department provides margin money, capital and interest subsidy assistance to the educated unemployed youth of the State for establishing their own employment generating units since 1995-96.
Eligibility Criteria:


i)

Age

18-42 years. (General Category)
18 -47 (SC/ST/OBC/Handicapped/Ex-Servicemen/Women)

ii)

Qualification requirement

8th Pass. However, no educational qualification shall be insisted upon for candidates having qualified training course of not less than one academic year duration from a Government Institution .

iii)

Project Cost

a)

Rs.2.00 lakhs for Retail trade

b)

Rs.3.00 lakhs for Service/Industries trade

c)

Rs.10.00 lakhs for joint venture (2 persons  and above)

iv)

Financing pattern

a)

Bank Loan

75%

b)

Promoter's contribution        

5%

c)   

Capital Subsidy    

5% of the project cost subject to a maximum limit of Rs.7500/-

d)

Margin Money

15% by way of as interest free loan to be recovered after the expiry of the term of the bank loan sanctioned in favour of the entrepreneur

          

Incentives:

i)   Margin Money  
As an incentive ,Margin Money @ 15% of the project cost is paid to the beneficiary as an interest-free loan towards equity contribution of the entrepreneur which is repayable in 5 equal yearly installments after the liquidation of the loan amount.
ii)  Interest Subsidy 
The Govt. is providing Interest Subsidy to beneficiaries on the bank loan on tapering basis for a period of two years in the following pattern:-


i)

During 1st 6 months 

100%

ii)

One year after 1st 6 months

  75%

iii)

Next 6 months 

  50%

           
iii)    Capital Subsidy 
5% of the project cost subject to a limit of Rs. 7500/-.
Implementation of the JKSES (Year wise Target and Achievements)

Amount in thousands

JKSES

Year

Target 

Achievement 

%age of Ach.

A/C

Amount

A/C

Amount

(Financial)

2001-02

9829

9882.73

2245

2683.64

27%

2002-03

8871

 13507.88

2297

2992.27

22%

2003-04

7980

10278.45

2028

2786.55

27%

2004-05

6215

8242.19

2174

3142.99

38%

2005-06

5363

7352.00

2004

3248.90

44%

2006-07

5476

7772.23

2180

3828.78

49%

2007-08

5563

8475.22

2663

4839.87

57%

2008-09

6363

10467.31

2693

5064.03

48%

2009-10

5860

9904.91

2927

6344.27

64%

2010-11

6912

13384.35

3185

8233.13

62%

2011-12

6675

11883.20

4408

11285.39

95%

2012-13

9234

20321.30

4797

12731.29

63%

2013-14

10514

23450.05

3991

10905.06

47%

2014-15

10548

25267.55

3233

8193.97

32%

Compendium of Departmental Programmes for Self Employment.

 

 

   
     
     
     
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Mr. Parvez Ahmed
Chairman & Chief Executive Officer
Convenor J&K SLBC
The Jammu & Kashmir Bank Ltd.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India
Phone: 0194-2481900,

Fax:0194-2481902

Mr. Vagish Chander Sharma
Executive President,
Personnel & HRDD/ Trainings, Disciplinary Deptt, Management of Board Secretariat,
FSD/ Insurance, JKGB Management, Customer Care/ Compliance/ KYC/ AML, Lead Bank, FID/CSC.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India

Telephone/ Fax: 0194-2502614/ 2502615
Ext. No: 1450, 1451
Cell No: 9479176977
Email: vc.sharma@jkbmail.com  

Mr. Rakesh Gandotra
Vice President,
Lead Bank Department, Financial Inclusion Department / Common Services Centre, Strategy & Business Development Division.
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India

Telephone/ Fax: 0194-2502639
Ext. No: 1139
Cell No: 9815922320/ 9810642320
Email: rakesh.gandotra@jkbmail.com  

SLBC Secretariat
J&K State Level Bankers' Committee (SLBC)
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India

Telephone/ Fax: 0194-2502639
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