Himayat Skill Development & Financial Linkages for providing

Helping Youth Achieve
Skill Development & Financial Linkages
for providing
Sustainable Livelihood to Youth
A motivational initiative of Ministry of Rural Development,
Govt. of India, with Jammu & Kashmir Entrepreneurship
Development Institute (JKEDI), aims at providing sustainable
livelihood to 30,000 youth of J&K by enhancing their
entrepreneurial skills and providing them access to
Institutional Finance over a period of 3 Years.
­ Education
8th pass and above
­ Age
18­35 years
­ For permanent residents of the state
Scheme details
­ Maximum amount of finance Up to Rs 4 lakh*
­ Margin Money
5% of sanctioned amount
­ Rate of interest
6% simple interest per year**
­ Repayment mode
20 Equal Quarterly (every 3 months) Instalments (EQIs)**
­ Amount of each instalment
Rs 5824/­on Rs 1,00,000/­**
­ Repayment period
05 years
­ Security
Third party guarantee of 1 govt. employee or bank
official of any nationalized bank with at least 6
years of service.
­ Processing Fee
1% of the sanctioned amount
­ Business activities
Food processing units, agri­allied activities like ( sheep,
poultry, dairy farming, beekeeping, mushroom cultivation
etc.), retail trading, small scale manufacturing units,
service centres like electronics, automobile workshop,
tourism related activities, handicraft units, load carriers
/auto rickshaw, short distance passenger vehicles and
other activities subject to their business viability.
*Income certificate from the concerned Tehsildar showing yearly family income below Rs 81,000/­ and Rs
103,000 in rural and urban areas respectively for candidates covered under NMDF scheme is required.
**For candidates to be covered under NMDFC scheme.
For more information contact
Kashmir Campus
Jammu Campus
Ladakh Campus
Contact: 01933-224362 / 224365
224397 / 224398
Ground Floor
Jawahar Lal Nehru Udyog Bhavan,
Rail Head Complex, Jammu
Contact: 0191-2474512 / 2470712
Govt Industrial Estate,
Opposite Airport, Leh
Contact: 01982-252239