Young entrepreneurs get major relief: No more multiple NoCs, just single page declaration, specialised JK Bank branch at EDI
SRINAGAR, MAY 15: Giving a major relief to young entrepreneurs of the State, the Government today decided to do away with cumbersome process of seeking NoCs from different Departments for setting up a unit and simplifying it with a one page declaration at the time of setting up a unit.
This was decided in a high level meeting chaired by Chief Minister, Mehbooba Mufti today.
As per the decision taken, any entrepreneur would be required to fill in a single page declaration form only instead of going after Departments for issuing NoC before starting a unit. However, the applicant would have to seek NoCs from Pollution Control Board and Electricity Department which also have to issue the same within 60 and 30 days respectively after which these Departments would be presumed to have issued NoCs in favour of the unit holder.
The meeting was convened by the Chief Minister in the backdrop of a session she had with some young entrepreneurs from different parts of the State on Saturday last. During the meeting the young entrepreneurs, most of them trained by EDI, flagged many of the problems, including the cumbersome process of seeking NoCs from different Departments, which were coming in their way of setting up their units successfully.
The Chief Minister had assured them to look into their grievances and convene a high level meeting shortly for redress of their issues.
The meeting was also informed that the 10% of space has been reserved for these young start ups at every Industrial Estate by the Industries Department. Also the process of their registration has been simplified by making it online.
The meeting also decided to introduce a Diploma course in Entrepreneurship at EDI soon which would further strengthen the concept of entrepreneurship among youth in the State.
Chief Secretary, B. B. Vyas; Chairman, JK Bank, Parvez Ahmad; Commissioner-Secretary, Finance, Navin Choudhary; Commissioner-Secretary, Industries, Sh