NewKerala.com

Kishtwar Youth Inspires Locals with PM Yuva Loan Success Story

Priyanshu Sharma from Kishtwar, Jammu and Kashmir, has become an inspiration by starting his own enterprise with a Rs 10 lakh loan under the Prime Minister's Mission Yuva scheme. He credits the scheme for opening new avenues and encouraging financial independence among young entrepreneurs. The initiative is designed to promote entrepreneurship as a career and provide long-term mentoring support across thousands of educational institutes. Launched in 2016, the scheme aims to cover over 14.5 lakh students across the country in a five-year period.

Key Points: PM Yuva Scheme Fuels Kishtwar Youth's Entrepreneurial Dream

  • Loan of Rs 10 lakh under Mission Yuva
  • Youth entrepreneurship in Kishtwar
  • Aims to reduce unemployment
  • Nationwide scheme covering lakhs
2 min read

J&K: Kishtwar youth sets up fledgling business with loan under Mission Yuva scheme

Priyanshu Sharma of Kishtwar starts business with Rs 10 lakh loan under PM's Mission Yuva, becoming a local inspiration for self-reliance.

"The Mission Yuva Scheme is opening new avenues for young entrepreneurs by encouraging self-reliance and financial independence. - Priyanshu Sharma"

Jammu, Feb 2

For thousands of unemployed youth, who harbour a desire to build their own destiny with dedication and hard work, the Prime Minister Yuva scheme has come as a life-changing opportunity.

Thousands of youths across the country have got the adequate monetary assistance from the Narendra Modi-led Union government, to start their own businesses and enterprises.

In Jammu and Kashmir's Kishtwar, Priyanshu Sharma is one such individual who received benefits of PM's Mission Yuva scheme, started his own enterprise and today has become inspiration for fellow residents in his locality.

Priyanshu Sharma, speaking to IANS, told that he availed a loan of Rs 10 lakh under the scheme, which enabled him to launch his own business.

Sharing his experience, he said that the Mission Yuva Scheme is opening new avenues for young entrepreneurs by encouraging self-reliance and financial independence.

He further emphasised that such progressive initiatives are playing a vital role in promoting entrepreneurship, reducing unemployment, and strengthening the economic future of the nation's youth.

He also expressed gratitude to Prime Minister Narendra Modi for launching youth-friendly schemes, which not only support their livelihood but also help them contribute towards nation-building.

PM YUVA encourages young individuals to explore their entrepreneurial spirit and contribute to the building of 'entrepreneurship environment' in the country.

The scheme aims to promote entrepreneurship as an alternative career choice and enable long-term mentoring support through the journey to potential and early-stage entrepreneurs, by imparting entrepreneurship education and mentoring support to trainees/beneficiaries from skilling ecosystem.

The PM-YUVA (Young, Upcoming and Versatile Authors) Yojana, launched in 2016 under the Ministry of Skill Development and Entrepreneurship, aims to provide entrepreneurship education and training through 3,050 Project Institutes -- 2,200 Institutes of Higher Learning, 300 schools (10+2), 500 Industrial Training Institutes and 50 Entrepreneurship Development Centres -- across the country covering more than 14.5 Lakh students over the period of five years.

- IANS

Share this article:

Reader Comments

S
Sarah B
As someone who works in development, I'm cautiously optimistic. The intent is fantastic, but the real test is in the execution and long-term sustainability. How many of these businesses survive past 5 years? We need follow-up data. Still, a great start for J&K's youth.
V
Vikram M
Bahut badhiya! When youth in places like Kishtwar get opportunities, it strengthens the entire nation's fabric. Unemployment is a big issue, and self-reliance is the key. Hope this story inspires many more to take the plunge. Jai Hind!
P
Priya S
My cousin in Himachal also tried to get a loan under a similar scheme. The paperwork was a nightmare and he eventually gave up. The scheme is good on paper, but ground-level bureaucracy needs to be fixed for it to reach every deserving young person.
R
Rohit P
Rs 10 lakh is a significant amount! It's heartening to see such support reaching Jammu & Kashmir. Entrepreneurship can bring much-needed stability and growth to the region. Wishing Priyanshu all the success. His story will surely motivate others.
K
Kavya N
The mentoring support mentioned is crucial. Many start-ups fail not for lack of funds, but for lack of guidance. If the scheme provides proper hand-holding, it can be a game-changer. Hope they focus on that aspect as much as the financial aid.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50