Submitted to:Mr.

Abishek Sharma

Submitted by : Rajinder Dev Singh 80-MBA-10 M.B.A. 3rd sem

Introduction Mission & Vision Aims and Objectives Various Schemes

SCFS EDUCATIONAL LOAN SCHEME TERM LOAN SCHEME

J&KEDI, is playing a major role in providing a proentrepreneurial environment to foster the progress and prosperity of the state. The institute was set up to assist the Government in formulating and implementing its policies for entrepreneurship development by helping the practicing and potential entrepreneurs 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.

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 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.

MISSION:- To facilitate individuals and organisations realise their entrepreneurial potential. VISION:- To be the State's Premier Institute of Excellence for Entrepreneurship Development

J&K EDI is committed to entrepreneurship education, training and research. The Institute has been spearheading entrepreneurship movement throughout the state. J&K Edi endeavors to: Inculcate entrepreneurship spirit and values amongst the educated youth; Get the entrepreneurship courses introduced in the education system;

Create a conductive support environment by orienting all the stakeholders, officials of the support system; Support, guide and counsel existing entrepreneurs, so that they are able to operate profitably and grow; Institutionalize entrepreneurship development through a cadre of competent trainer motivators; Promote micro enterprises at rural level throughout the state, Serve as a link among the support agencies/departments for entrepreneurship development;

Identify, exploit and utilize fully the potential resource endowments available throughout the state, Strive for productivity and industrial development of the state ; Reduce the intendance of industrial sickness in the state by adopting industrial estates to make them vibrant, through proper consultations, Facilitate research on entrepreneurship development, Supports the Government initiates for industrial development of the state; and, Collaborate with similar organizations in India and other countries to accomplish the above objectives.

Seed Capital Fund Scheme (SCFS) EDUCATIONAL LOAN SCHEME

TERM LOAN SCHEME

Objectives :

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 of economy to optimally exploit the resources.

Core Areas :

Horticulture, floriculture, cultivation of medicinal and aromatic plants; Food-processing at the household/village level; Food storage establishment, particularly cold chains; Handloom, handicrafts and other artisanal products;

Ventures in poultry, sheep-breeding and production, collection, storage and marketing of milk; Setting up of computer literacy/training institutes in villages/habitations particularly with a population of less than 3000 souls; Health services unit/dental care units set up by doctors; Pathological labs including diagnostic facilities set up by doctors/trained professionals; Tourism-related enterprises covering houseboat owners, setting up of Paying Guest facilities, small dhabas and restaurants with a capacity of 20 seats.

Eligibility : A state subject Fall in the age group of 18 to 37 years Qualification of 10+2 or above. Unemployed; 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 and the units which have already availed of any incentive or subsidy under any scheme of the Government of India or the State Government shall not be eligible for assistance under the scheme; No institution, corporate body, society or an NGO shall be eligible for assistance under the scheme.

Funding Pattern : Under Graduates/Graduates : 35% of the project cost subject to a maximum of Rs 3 lacs. Post Graduates: 35% of the project cost subject to a maximum of Rs 5 lacs. Technically Qualified persons: 35% of the project cost subject to a maximum of Rs 7.5 lacs. For Group Initiatives: the upper limit shall be relaxable upto Rs 10.00 lacs. In Individual Cases where costlier technologies are involved, the upper limit shall be Rs 10.00 lacs.

Objective: To facilitate job oriented education

amongst the weaker section of the minorities. Loan Extent: Rs.2,50,000/- @ Rs.50,000/- per year

Eligibility Criteria:
Applicant should be in the age group of 16-32 years. Confirmed admission in the intended course. (However, application for loan can be made in anticipation of admission). Women and Physically challenged candidates given preference.

Eligible Courses: Professional and Technical Courses Courses of study with good potential in the job market. The duration of the course not exceeding five years (shorter duration courses given preference). The College/Institute should have been offering the course for the last 3 years and should be recognized by the Government at the Central/State Government or by appropriate authority such as AICTE. Loan Admissible for Expenditure on: Admission fee /tuition fee / Cost of books / stationery/ other instruments / Examination fee /Boarding and lodging expenses.

Terms of Release of Loan:

Admission fee, tuition fee, examination fee and similar expenditure paid directly to the College/Institute as per the bill raised by the College/Institute. The remaining sum can be paid by way of a cheque/Demand Draft made in the name of the applicant through the Principal of the college/institute for expenditure on books, boarding and lodging The loan will be released in instalments on trimester/semester/annual basis. Depending upon the system of the concerned College/Institute. The subsequent release of loan will depend upon successful completion of the previous term. A Certificate in this regard required from the head of the institute.

Moratorium Period: Up to 6 months from the date of

completion of the course or till the beneficiary starts earning whichever is earlier.

Repayment of Loan:
At the end of the moratorium period, the principal and interest is to be repaid by the borrower in maximum of 60 equal monthly installments. In case the candidate discontinues the studies due to any reason whatsoever, the loan with interest would become repayable immediately.

Security:
Parent/Guardian of the applicant to be taken as co-borrower. Approved securities equal to the value of the loan such as UTI/NSC/Public sector Bonds, etc. OR

Creation of charge on agricultural land having value double the loan amount. OR Personal surety of permanent employee working in Government/PSU/Bank/Autonomous Bodies. The employee should have sufficient years in service to cover the amount being sanctioned as loan. A certificate to be obtained from the surety that in the event of default, the repayments would be made by him/her. Post dated cheques towards repayment of loan from the beneficiary i.e. the student who has taken the loan.

Projects Considered: Projects costing upto Rs. 5 lacs Loan Extent: 85% of the Project Cost (maximum of Rs. 4, 25,000/-.) Beneficiarys Contribution: minimum 5% of the project cost. Eligibility Criteria: Age : No bar Permanent Resident of Jammu & Kashmir State Applicant should belong to minority community (Muslim, Sikh, Christian, Buddhist, Parasi) Family Income less than 40,000/- (Rural Areas) & 55,000/- (Urban Areas)

Assistance under Term Loan Scheme is available for any commercially viable and technically feasible venture which for the sake of convenience has been divided into the following sectors: AGRICULTURE & ALLIED SECTORS ARTISANS SECTOR SMALL BUSINESS SECTOR TECHNICAL TRADE SECTOR TRANSPORT SECTOR