Director JKEDI asks officers to strengthen loan recovery process

JAMMU : Director Jammu & Kashmir Entrepreneurship Development Institute (JKEDI), Rajinder Kumar Sharma on Tuesday chaired a review meeting of all district centres of the institute here at Bari Brahmana.
During the review meeting, the Director reviewed the overall functioning of the district centres and different program verticals of the institute, especially the progress made regarding recovery of loans under different self-employment schemes and the Entrepreneurship Awareness Programmes (EAPs) conducted in various districts of for the months of October and November 2024 across the Union Territory.
The meeting was attended by the concerned Range Officers, District Nodal Officers of JKEDI, In-charges of the concerned sections and program verticals.
The Director gave a thorough analysis of the recovery of loans granted to beneficiaries under different self-employment schemes and highlighted the progress achieved in all the districts of J&K. He said the overall review of the recovery and repayment status underscores the institute’s dedication to transparency, accountability and sustainable growth.
He pressed upon all the District Nodal Officers to follow a dynamic approach to deal with the defaulters and realise the government money disbursed as soft loans under different schemes, and follow the due process especially the issuance of demand notices well in advance.
“Recovery of the public money is paramount. All district officers and their staff must strengthen the efforts to recover the money from the wilful defaulters and follow a due process in doing so,” the Director told the officers.
The DNOs were briefed about the importance of the Entrepreneurship Awareness Programmes (EAPs) and the conduct of the same in Government Degree Colleges (GDCs), ITIs and the Polytechnic colleges across the UT so that mass awareness is created regarding the Startup Policy 2024-27 and other initiatives of the government towards entrepreneurship development in J&K.
The Director applauded the top performing district teams and pressed upon the others to enhance their efforts and complete the recovery targets in designated time. He highlighted the importance of a unified approach among JKEDI employees to guide youth towards establishing successful ventures as envisioned in the institute’s mandate.