Entrepreneurship Development Institute :

Jammu & Kashmir Entrepreneurship Development Institute (J&KEDI), a pioneering institute of entrepreneurship development in the state of Jammu and Kashmir, is playing a major role in providing a pro-entrepreneurial environment to foster the progress and prosperity of the state. The raison deter of his institute is to assist the Government in formulating and implementing its policies for entrepreneurship development through a host of services like research, consultancy, information, training and education. The institute offers an effective platform to the existing and potential entrepreneurs to share their experiences for common good, and enabling them to street their ventures towards profitability. Established by the state Government in March 1997 as a society of the Government of Jammu and Kashmir, the Institute started its regular activities from Feb, 2004. The Institute has established its two regional centre’s at Srinagar and in Jammu. The Institute has the facilities of well furnished & spacious auditoriums, lecture halls, computer labs with books, reports, journals, project profiles, periodicals, videos, reference work & related literature books.

The Institute receives a substantial financial support from the central as well as state Government for the development of infrastructure and carrying out its activates, however in the long run Institute endeavors to emerge as financially self reliant. Since its establishment, Jammu & Kashmir Entrepreneurship Development Institute has made a great headway towards the fulfillment of its basic obligations and recorded significant achievement on this account.

Seed Capitial Fund Scheme:

Sher-e-Kashmir Employment and Welfare Programme for the Youth (SKEWPY)”

Objective:

To motivate, train and facilitate educated youth to take up entrepreneurship as a career option and create employment opportunities not only for themselves, but also for others. To invest in various areas to optimally exploit resources.

Eligibility:

An unemployed state subject within the age group of 18 to 37 years and minimum qualification of 10+2. No income ceiling for coverage under the scheme Beneficiaries must be registered with the concerned district employment and counseling centre Any person or any existing units which have already availed of any incentive or subsidy under any scheme of the Govt. of India or the State Govt. shall not be eligible for assistance under the scheme.No instititution corporate body society or an NGO shall be eligible for assistance under the scheme.

Funding Pattern:

Non refundable seed Money of 35% of the project cost subject to maximum limit of.
Rupees 3 lacs for under Graduates/Graduates.
Rs. 5 Lacs for post graduates.
Rs. 7.5 lacs for Doctors, Engineers, MBA’s.
65% of the project cost will be provided by J&K Bank as loan @ 9% as per annum .