17 Lakh Youth Employed in Final Three Years

17 Lakh Youth Employed in Final Three Years


SRINAGAR: Within the earlier three years, Jammu and Kashmir’s Micro, Small and Medium Enterprises (MSME) have employed over 17 lakh individuals.

As per the doc accessed by the information company  KNO, as many as 160550 Micro and Small Enterprises have come up after getting registered on Udyam portal within the final three years.

It mentioned that in 2020, 37350 Mirco and 239 Small enterprises have been established in Jammu and Kashmir by Udyam registration.

Within the 12 months 2021, 54780 Micro and 174 Small enterprises have been registered within the union territory by way of Udyam portal and the 12 months 2022 noticed a registration of 67872 Micro and 135 Small enterprises in Jammu and Kashmir.

“This 12 months as many as 54946 Micro and 98 Small enterprises have come up in Jammu and Kashmir until December 15,” reads the doc.

Paperwork additionally reveal that variety of women-owned MSMEs in Jammu and Kashmir below the Udyam Registration Portal is 51,618,

Over the past three years, 338 MSMEs have been cancelled Udyam registration after shutdown in Jammu and Kashmir, paperwork reveal.

Pertinently, the Ministry of Micro, Small and Medium Enterprises (MSME) implements varied schemes and programmes aimed toward help and improvement of MSME Sector within the nation in areas of credit score help, new enterprise improvement, formalization, technological help, infrastructure improvement, talent improvement and coaching and market help to MSMEs.

These schemes embrace MSME Champions Scheme, Credit score Assure Fund Belief for Micro and Small Enterprises (CGTMSE), Prime Minister’s Employment Technology Programme (PMEGP), Micro and Small Enterprises – Cluster Improvement Programme (MSE-CDP) and Elevating and Accelerating MSME Efficiency (RAMP).

Officers declare that MSMEs are important for creating giant job alternatives at a lot decrease capital prices than giant industries.

“The Union Territory of Jammu & Kashmir has applied quite a few insurance policies and schemes that intention to decrease working prices, facilitate enterprise operations, and help MSMEs in rising and changing into extra aggressive,” officers mentioned—(KNO)

#Lakh #Youth #Employed #Years

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