New Delhi, Feb 12 (KNN) The Jammu and Kashmir Khadi and Village Board under the Jammu Kashmir government extended amount of Rs. 821.47 lakhs as subsidy against the total target of 790 units during the financial year 2017-18, KVIB officials informed.

Secretary and CEO of the board, Rashid A Qadri during the PMEGP review meeting said that these 431 units have further generated employment opportunity for 1298 local youths.

The sanction amount comes as a part of Prime Minister’s Employment Generation Programme (PMEGP).

Qadri during the meet stressed upon the field functionaries to take into consideration the managerial capability of an entrepreneur before sponsoring a PMEGP case.

He further said that the KVIB should play an important role in hand-holding he unit holders even after the establishment of the unit is done.

J&K Khadi & Village Industries Board is a Statutory Board established under Act No: XVI of 1965 called as “ J&K Khadi & Village Industries Board Act 1965” with the aim to encourage, organise, develop and regulate Khadi and Village Industries in the J&K State.

Principal Act was amended by an Act No: IV of 1966 called as J&K Khadi & Village Industries Board ( Amendment ) Act , 1966 and further amended by an Act No: III of 1973 called as J&K Khadi and Village Industries Board ( Amendment ) Act 1973. (KNN/DA)