Sir,
There are various self employment schemes specially tailored for the unemployed youth of the state to set up ventures under different schemes to ensure self employment and create indirect employment opportunities for others. Not only are the prospective entrepreneurs getting bank loans liberally but also subsidies and interest refunds besides an extended repayment schedules. The fact of the matter is that in most of the cases such schemes have not borne the desired results. This is evident from many units winding up in a short period resulting in mounting overdues of loans and even in most of the cases such loans going bad and becoming irrecoverable.
Ultimately such cases end up in court cases or compromises of repayments or the loans getting written off or waived . Have the causes of such schemes, under what is termed as priority sector, going awry been analysed by the experts and professionals from Banking, commerce, finance, industry and agricultural sectors? Have any remedial measures been suggested and implemented to make the concept of self employment workable? Are really and the needy eligible candidates only selected under different schemes, those who appear to be serious and really wanting to set up units in small scale industry, tiny industry, retail, small business and similar other ventures? Is the process of selection subjected to periodic reviews for bringing about improvements? Only doing formalities and distribution of targets by the sponsoring agencies won’t work.
Yours etc…..
Sudershan Khajuria
Gandhi Nagar, Jammu
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