Minister claims youth spurn seed money to start businesses over a desire to get “sarkari” jobs, little realizing that massive corruption is killing enterpeneurship and attracting youth to seek positions where illicit greed thrives
Rather Confirms 5 Lakh Jobless Youth
‘Eyeing only Govt jobs won’t help’
Sajad Kralyari (Kashmir Images)
Srinagar: Expressing grave concern over the minimal response to the government-sponsored schemes for the unemployed youth for setting up units, Finance Minister Abdur Rahim Rather Tuesday said the government is providing “non-refundable seed money” for the entrepreneurs to set up their own units.
“Only this can solve the issue of unemployment. However, I am disappointed to see post-graduate students hankering after Class IV jobs for meagre salary. The response to the schemes is disappointing,” the minister said at the inaugural function of Shaheen World, a multi-brand family showroom.
Referring to the establishment of the Entrepreneurs Development Institute (EDI) at Pampore, Rather said they have tied up with the Jammu and Kashmir Bank, which has agreed to provide loans on easy installments and lower interest rates. The government has provided Rs 50 crores to EDI.
“The experts at EDI will provide counselling to the unemployed youth for setting up units suiting them. They will be provided all the necessary training. The JKB will provide loans and we, on our part, will help youth by providing them non-refundable seed money for withdrawing loans from the bank,” he said.
The finance minister said 5, 58,000 youth have registered their names with the district employment exchanges and it was impossible for the government to provide jobs to all. “Government has employed only 5 lakh people for the last 63 years. But, presently, we have more than 5 lakh registered unemployed youth and this figure increases every year. Obviously, providing employment to all youth is impossible,” he said.
Rather said the government has already provided employment to 20,000 youth this year and in the next six years around one lakh people would get job. “But this seems to have no effect on the chronic problem of employment. Government jobs won’t solve the problems. Youth have to change their mindset and come forward for setting up their own units. We will help them,” he said.
Referring to the traders, who had earlier alleged that the government was taking coercive steps for collecting tax which Rather said the government had strictly directed the tax collectors to be friendly with traders. “We have to collect tax to run the government. There would be no harassment while collecting tax but the traders have to cooperate,” said Rather.
He, however, warned the defaulters of stern action if they deliberately avoided paying tax. “If someone defaults deliberately, we have to take stern action. There is no other way out and there are strict laws for tax collection,” warned Rather.
The finance minister was requested to re-model commercial taxes for benefit of the traders.