The “Jammu and Kashmir State Self Employment Scheme” being implemented by Employment Department provides margin money, capital and interest subsidy assistance to the educated unemployed youth of the State for establishing their own employment generating units since 1995-96.
i) Margin Money
As an incentive ,Margin Money @ 15% of the project cost is paid to the beneficiary as an interest-free loan towards equity contribution of the entrepreneur which is repayable in 5 equal yearly installments after the liquidation of the loan amount.
ii) Interest Subsidy
The Govt. is providing Interest Subsidy to beneficiaries on the bank loan on tapering basis for a period of two years in the following pattern:-
iii) Capital Subsidy
5% of the project cost subject to a limit of Rs. 7500/-.
(Contact person: Deputy Directors / Assistant Directors Employment of the concerned District)