Focus on application disposal, bank sanctions and subsidy disbursement
BUDGAM: Deputy Commissioner (DC) Budgam, Dr. Bilal Mohi-ud-Din Bhat, today chaired a detailed review meeting to assess the progress of Mission YUVA in the district.
The meeting involved a comprehensive review of applications processed under the mission at various stages, including submission, verification, approvals, bank sanctions, disbursements and subsidy release.
During the meeting, the DC reviewed the latest status of applications as reflected on the Mission YUVA dashboard.
It was informed that a total of 4051 applications have been submitted so far, out of which 3297 applications have been verified by SBDUs, while 701 applications are pending at the SBDU level. The District Level Implementation Committee (DLIC) has approved 2831 applications, whereas only 2 applications have been rejected and sent back to SBDUs.
The review further revealed that 860 cases have been sanctioned by banks, while 757 cases have already been disbursed. It was also informed that 31 beneficiaries have received subsidy under the first tranche, while no case has yet reached the second tranche stage. Additionally, 117 applications have been rejected by the Director Employment.
The DC emphasized the need to minimize pendency at all levels and directed the concerned officers to ensure timely processing of cases.
He stressed upon strengthening coordination between SBDUs, banks and line departments to expedite sanctioning and disbursement of loans and to facilitate early release of subsidies to the beneficiaries.
The DC underscored that Mission YUVA is a key initiative aimed at promoting self-employment and entrepreneurship among the youth.
He directed all SDMs to closely monitor progress in their respective sub-divisions and ensure prompt verification and forwarding of applications.
Banks were instructed to adopt a proactive approach in sanctioning and disbursing cases, while the Industries Department and Employment Department were asked to provide necessary handholding and technical support to the beneficiaries.
The meeting was attended by the Chief Planning Officer Budgam, all Sub-Divisional Magistrates, Deputy Director Employment & Counselling , along with representatives from banks and Industries.