Rs 213 crore advanced for 8,889 income generating units in Srinagar

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Srinagar, Sep 19 (UNI) An amount of Rs 212.94 crore has been advanced by different financial institutions to unemployed youths in the Srinagar district for setting up their Income Generating Units (IGU) this year so far.

However, the amount is just 38 per cent against the target of Rs 557.95 crores for establishing of 8,889 IGU under priority and Non-priority sectors in the district.

This information was given at a district level coordination committee meeting held today under the chairmanship of District Development Commissioner Mehraj Ahmed Kakroo.

It was informed that under priority sector 2,379 profitable units have been set up with a financial assistance of Rs 64.28 crore while under non-priority sector 6,510 units have been established against target of 10,000 units at a cost of Rs 14.80 crores .

Under government sponsored schemes banks have disbursed Rs 2.96 crore among 285 beneficiaries. In all target for establishment of 18,110 units have been fixed for Srinagar district.

Threadbare discussions were also held with regard to achievement under self help group, pre-potential linked plan etc.

Mr Kakroo called for greater coordination and synergy among various line departments for achieving desired results.

He asked them to adopt friendly approach towards the youth who have came forward for obtaining financial assistance for setting up of their income generating units.

Bank Officer and representative of NABARD and RBI besides district officers and managers attended the meeting.

UNI BAS AK KP1554

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