To provide finance to eligible candidates sponsored by JKEDI under the Seed Capital Fund Scheme of Government of Jammu & Kashmir.
Finance under this product shall be available to trained and registered first generation entrepreneurs sponsored by the JKEDI under the Seed Capital Scheme to start environment-friendly ventures relating to certain core areas of the state economy which inter-alia shall include:-
i) Cultivation of horticulture, floriculture, cultivation of medicinal and aromatic plants;
ii) Food-processing at the household/village level;
iii) Establishment of facilities for storage of food products/horticulture products: particularly cold chains;
iv) Handloom, handicrafts and other artisanal products: particularly design improvement, technology-transfer and marketing;
v) Ventures in Poultry, Sheep-breeding and production, mushroom cultivation, bee keeping, Dairy farming, aimed at import substitution;
vi) Setting up of computer literacy/training institutes in villages/habitations particularly with a population of less than 3000 souls;
vii) Setting up of Fair Price Shops at small habitations across the State;
viii) Health services unit/dental care units set up by doctors;
ix) Pathological labs including diagnostic facilities set up by doctors/trained professionals;
x). Services industry units engaged in maintenance ,repairing, testing of both electrical and electronic equipments/ instruments, services of all types of vehicles and machinery including TV’s, Radio’s, transformers, motors, etc. set up by technically qualified persons such as Engineers or trained entrepreneurs;
xi) Servicing and supply of components/parts of agricultural farm equipments/machinery items such as tractors, pumps, boring machines ,etc., set up by Engineers or technically trained entrepreneurs.
xii) Tailoring and boutique units set up by educated and trained entrepreneurs;
xiii) Tourism-related enterprises covering houseboat owners, setting up of Paying Guest facilities, small dhabas and restaurants with a capacity of 20 seats.
xiv) All the above activities as approved by JKEDI or any other economically viable activity as may be approved by JKEDI;
In addition to the above mentioned activities following activities have been included .
1. Wholesale Distribution of Medicines, food items, ice-creams with specific upper limit cap.
2. Sub-dealership activities like selling of automobiles /electronic items/mobile phones /branded clothes/cement/iron/building material.
3. Activities with working Capital of more than 20 lacs (twenty lacs only) as per requirement.
4. Pre-booking of tickets in bulk in tours and travels activities.
5. Import Export activities.
6. Software Development activities.
7. E-Commerce and Franchise activities.