Editorial | Mumkin Scheme : Transforming Lives in Jammu and Kashmir

Mumkin scheme has successfully engaged and chanalized energy of youth of jammu and kashmir . A customized livelihood generation scheme ‘Mumkin’ for the youth of Jammu and Kashmir was launched by Lieutenant Governor, Manoj Sinha. Under the scheme, unemployed youth are facilitated to procure small commercial vehicles on subsidized basis to establish a sustainable livelihood in transport sector.

The ‘Mumkin’ is a livelihood programme designed primarily for unemployed young people in the age bracket of 18 to 35. Under the ‘Mumkin’ scheme, small commercial vehicles are being provided to the youth with the banking partner extending the loan facility to the extent of 100 percent for on-road price of the vehicle to be purchased.

Mission Youth, J&K provides an amount of Rs 80,000 or 10 percent for on-road price of the vehicle (whichever is lesser) as upfront subsidy and the vehicle manufacturers (scheme partner of government) provide an upfront special discount, not less than the amount of subsidy.