Table of Contents
‘Saath’ Initiative
- In Sept 2021, J&K administration had launched a Rural Enterprises Acceleration Programme titled ‘Saath’ for Self Help Group (SHG) women.
- The programme aims to transform the lives of women and make them independent and strong in social and financial aspects, by mentoring the women associated with SHGs and create market linkages of products created by these women.
Self Help Groups (SHGs)
- Self-Help Groups (SHGs) are informal associations of people who choose to come together to find ways to improve their living conditions.
- These are groups of 10-20 people in a locality formed for any social or economic purpose.
- Most of the SHGs are formed for the purpose of better financial security among its members.
- “Saath” initiative will help about 48000 SHGs in which about four lakh women are connected, in Jammu and Kashmir.
- It will focus on mentoring and creating market linkages of products that created by these women.
- Training will be provided to women across ten different sectors like Agriculture, Poultry, Animal Husbandry, handloom, Handicraft etc.
Nation Award to J&K Bank For SHGs
- Union Minister of Rural Development, recently honoured the Jammu and Kashmir Bank (J&K Bank) with the “National Award for Outstanding Performance for FY 2020-21” in recognition of its best performance in Self-Help Group Bank Linkage.
J&K Govt Signs MoU With New Zealand
- New Zealand in Feb 2022, pledged to help in doubling produce in the farming sector of J&K.
- The J&K government signed a Memorandum of Cooperation (MoC) “for transforming the sheep farming sector in the UT.
- The partnership is aimed at doubling produce in the next three years with substantial increment in quality of livestock products, wool production and introducing processing facilities and value addition to boost income and benefits to Jammu Kashmir.
Shikhar & Shikara Scheme
- Shikhar scheme focuses on meeting credit requirements up to INR 2 crore for the hotel, tour & tourism industry.
- ‘Shikara’ aims to supply finance for the purchase of the latest shikara and restore & upkeep of shikara and houseboats.
- Assistance is given by the means of collateral-free time period loans reimbursement through EMI mode in seven years.
- Shikara scheme will provide credit up to INR 15 lakh for purchase/repair of Shikaras in Kashmir valley.
Tejasvini Scheme
- In its endeavour towards empowering women socially and economically, Jammu and Kashmir Mission Youth has notified Tejaswini Scheme for implementation in the Union Territory.
- Mission Youth is an ambitious initiative aimed to provide a vibrant medium for youth engagement & empowerment in J&K.
- It aims to facilitate youth to become ambassadors of peace, prosperity & socio-economic growth through systematic interventions across domains
- The broad aim of the scheme is to provide financial assistance to the young women of 18 to 35 years of age for setting up gainful self-employment ventures, suited to their skills, training, aptitude and local conditions.
- Under the scheme, female entrepreneurs shall be facilitated to avail financial assistance under Mudra from J&K Bank to the extent of Rs 5.00 lakh.
- The scheme intends to provide assistance to all eligible young women who are domiciles of J&K and have a qualification of matriculation and above.
Hausla Scheme
- The objective of the scheme is to build a comprehensive programme for women entrepreneurs of the region which can serve as a guide for achieving success in their business and to widen the reach of their business products and services.
- Hausla Scheme under the J&K Trade Promotion Organisation for empowering present ladies entrepreneurs to be role models of their respective sectors.
- It aims to provide skill development along with credit support, marketing support & mentorship.
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