LG releases 250 Cr to J&K bank, promises timely disbursement of funds, announces mega-youth convention on Oct 31

Srinigar Oct 27 (PTK) :LG Manoj sinha on Tuesday said that J&K Bank has played a commendable role in the process so far and will continue to help the youth in setting up their own business ventures through “hand-holding and providing sanction reports on time.”

The LG released Rs 250 Crores to the bank and assured further disbursement of funds in a time-bound manner.

“This is just a beginning. Government is committed to help the aspirational youth so that they start their own ventures. There is no place for red-tapism. I am committed to the announcement of minimum government and maximum governance,” the LG Sinha said, adding that “time is over when youth were supposed to make rounds of government offices for jobs and financial assistance.

That’s history now.” He said that J&K Bank employees are reaching at the door steps of youth to complete formalities and to provide sanction letters.

The LG Sinha said that he is committed to ensure fast track development, industrial growth, infrastructural development, skill development as envisioned by the Prime Minister Narendera Modi. Sinha also announced mega youth convention titled “Youth Empowerment society—Youth engagement” on October 31 in J&K UT in which experts from outside will be invited to counsel youth,” he said