Udhampur (Jammu and Kashmir): The Rural Employment Generation Programme (REGP) has emerged as a transformative initiative for many young entrepreneurs in Udhampur, providing concessional loans to help them establish or expand their businesses.
According to Udhampur Deputy Commissioner Saloni Rai, a total of 69 applicants from the district have benefitted from the scheme.
"The Khadi & Village Industries Commission (KVIC) implements the REGP scheme, offering a 35% subsidy on loans sanctioned based on different age groups. So far, 69 applicants from Udhampur have availed the benefits of this initiative," Rai told ANI.
For Tariq Aziz, a resident of Kud village, the REGP scheme has played a crucial role in his entrepreneurial journey. He utilized the loan to expand his poultry farm, which has significantly improved his income.
"I started a small business, and as more people showed interest, I decided to expand. I opted for a poultry farm to generate better income. Currently, I have 2 to 3 people working with me. This government scheme is motivating youth to become self-reliant, and I am grateful for the support," Aziz told ANI.
About the Rural Employment Generation Programme (REGP)
The DKREGP (3-K Rural Employment Generation Programme) aims to channel the enthusiasm and energy of young individuals toward setting up micro-industrial enterprises, thereby creating employment opportunities in both rural and urban areas.
Implemented by the Jammu & Kashmir Khadi and Village Industries Board, the scheme's subsidy component is processed through J-K Bank, ensuring direct disbursement into the beneficiaries’ bank accounts.
The implementing agency collaborates with key stakeholders, including:
- District Development Commissioners' offices
- Lead District Managers
- Directorate of Industries
- Entrepreneurship Development Institute
- Nehru Yuva Kendras
- Financing banks
These entities play a pivotal role in identifying beneficiaries, selecting area-specific viable projects, and providing entrepreneurship training.
Eligibility Criteria for REGP
- Age Requirement: 18 to 40 years
- Residency: Must be a resident of a rural area
- Geographical Criteria: The scheme applies to villages or rural areas with a population of less than 20,000 (as per revenue records). Towns, district headquarters, and capital cities are excluded from the scheme’s scope.
By empowering young entrepreneurs, REGP is boosting economic growth and fostering self-employment opportunities in rural Jammu and Kashmir.
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