English
Arabic
Chinese (Simplified)
Russian
Spanish
Urdu
The government of India on Monday said that the unemployment rate in Jammu & Kashmir has declined in two successive years from 2019 to 2021.
capital loan to street vendors to restart their businesses, which were adversely impacted during the Covid-19 pandemic. “As on 02.12.2022, 37.68 lakh loans amounting to Rs.4,378 Crore have been disbursed under the scheme.”
In Jammu & Kashmir, he said, 17.95 thousands loans have been disbursed under the scheme as on 02.12.2022. “The Government of India is encouraging various projects involving substantial investment and public expenditure on schemes like Prime Minister’s Employment Generation Programme (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pt. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) and Deen Dayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM)etc. for employment generation,” he said, adding, “Pradhan Mantri Mudra Yojana (PMMY) was launched by the Government for facilitating self-employment.”
Under PMMY, he said, collateral free loans upto Rs. 10 lakh, are extended to micro/small business enterprises and to individuals to enable them to setup or expand their business activities.
“Upto 25.11.2022, an amount of Rs 15.56 lakh crore was disbursed in 37.76 crore loan accounts sanctioned under the scheme,” he said, adding, “In Jammu & Kashmir, an amount of Rs. 4,209.69 crore was disbursed in 1.89 lakh loan accounts sanctioned during 2022-23 (till 25.11.2022) under the scheme.”
The Production Linked Incentive (PLI) schemes is being implemented by the Government with an outlay of Rs. 1.97 lakh crore, for a period of 5 years starting from 2021-22 which have potential for creating 60 lakh new jobs, he said. “All these initiatives are expected to collectively generate employment in the medium to long term through multiplier-effects.”
