In line with the Prime Minister’s Start-up India vision, a boot camp was held under the banner of Startup India J&K Yatra on October 6 at Eliezer Joldan Memorial College. 

The camp was organised by Start-up India Team Delhi in association with J&K Government and JKEDI, Leh. 

The yatra will be targeting grass root entrepreneurs, aspiring entrepreneurs, and start-up. The aim is to spread awareness about India start-up ecosystem and providing mentorship to the budding entrepreneurs, scouting the best talent within tier 2/3 district of the state and providing them incubation offers from state incubators and various other incentives from the resource partners of Startup India such as legal consultation, advisory services mentorship, etc.

Dorjay Wangchuk, Executive Manager, JKEDI, Leh said, “J&K govt has started Start-up entrepreneurs in 2012 and we have been financing entrepreneur since then. In 2010, two schemes have been launched under Sher-e-Kashmir employment and welfare program for youth such as seed capital funds and youth start-up loan scheme”. 

He further informed that the govt started these schemes because entrepreneur’s biggest challenge was to raise finance. In seed capital fund, first generation entrepreneur is not expected to have money, so, the govt of J&K decided to give 35 percent as seed money to the candidate to establish their own venture and 65 percent is financed by JK Bank. 

The schemes are started to solve the problem of unemployment. To avail the benefit, 10 2 and above are eligible. As per data, in Leh till now 284 loans have been sanctioned out of which 210 have established their business.” 

Jasleen Kaur, Invest India said, “We have so much talent in our country and can certainly turn into the start-up destination in the world and for same, the campaign has been initiated and launched. We have already campaigned in 9 states almost 40 aspiring entrepreneurs are impact and more than 350 entrepreneurs are granted the platform.”

 

Successful entrepreneurs from Leh such as Dr. Tsultim Dorjey, Digital X-Ray, and Ultrasound 3D and 4D, Sonam Angmo and Stanzin Minglak, Founders, LENA and Stanzin Palmo, Founder, Zil Zom thanked the schemes of JKEDI and JK bank for providing start-up loan to change their ideas into reality and hassle-free process.

They suggested others to choose and start something on their own and to become job providers rather than job seekers.

Startup India J&K Yatra Yatra was flagged off on September 27 from JKEDI Bari Brahmna Campus, Jammu.  During which 10 boot camps, as well as 20 stops across the colleges and universities of the state, have been scheduled. The event is scheduled to culminate on October 18.  Around 140 good ideas will be shortlisted from across the state who will then attend a 2 days acceleration program in Srinagar on October 18 for incubation offers and incentives by resources partners.