In a significant step towards promoting youth entrepreneurship and self-employment, Jammu and Kashmir Bank, in collaboration with the District Administration of Samba, has sanctioned 40 loan cases under the Mission YUVA Udan initiative. This initiative aims to empower the youth of the district by providing them with financial support to start their own businesses. The loan sanction letters were handed over to the beneficiaries by Deputy Commissioner Rajesh Sharma in the presence of J&K Bank officials, including Divisional Head and General Manager Sunit Kumar, Zonal Head Sanjeev Kumar, and Cluster Head Sanjay Belowo.
The Deputy Commissioner appreciated the J&K Bank for facilitating speedy loan disbursement under the scheme, highlighting the transformative role that the Mission YUVA Scheme is playing in empowering the youth of the district. He encouraged the beneficiaries to utilize the loan amount wisely and ensure timely repayment. The Divisional Head of J&K Bank also emphasized the importance of judicious utilization of the loan amount and timely repayment, ensuring the sustainability of the initiative.
The event was attended by various bank officials and branch managers, and it concluded with an interactive session between the dignitaries and the beneficiaries. The Zonal Head of J&K Bank proposed a vote of thanks, appreciating the proactive efforts of the District Administration and Employment Department. He reaffirmed J&K Bank’s commitment to sustaining its leadership position in youth-oriented financial inclusion, emphasizing the bank’s dedication to supporting the youth of the region.
The Mission YUVA Udan initiative is a significant step towards promoting entrepreneurship and self-employment among the youth of Jammu and Kashmir. By providing financial support to young entrepreneurs, the initiative aims to empower them to start their own businesses, creating employment opportunities and contributing to the economic growth of the region. The collaboration between J&K Bank and the District Administration of Samba is a notable example of the public and private sectors working together to promote youth entrepreneurship and economic development.
Overall, the sanctioning of 40 loan cases under the Mission YUVA Udan initiative is a positive development for the youth of Samba district, providing them with an opportunity to pursue their entrepreneurial dreams and contribute to the economic growth of the region.