LATEST UPDATES

Srinagar: Fire breaks out in Nawa Kadal

Precious Kashmir 17/01/2021

Srinagar records minus 7.6 C,  Kashmir remains frozen

Precious Kashmir 17/01/2021

Major nocturnal blaze breaks out in old-chowk Kupwara, several shops damaged

Precious Kashmir 17/01/2021

2 persons injured as load carrier rolls into Jhelum In Hajin

Precious Kashmir 16/01/2021

Sale of air tickets on exorbitant rates: Crime Branch Kashmir searches premises of several travel agencies

Precious Kashmir 16/01/2021

Kashmir Freeze Unabated: Minus 8.2°C In Srinagar, Kokernag Coldest In Valley

Precious Kashmir 16/01/2021

Govt Announces ‘One-Time’ Relaxation For JKCCE Exams

Precious Kashmir 15/01/2021

Kansal calls for safety of line workers; Stresses need to follow SOPs, use PPEs

Precious Kashmir 15/01/2021

Hideout busted in North Kashmir’s Kupwara

Precious Kashmir 15/01/2021

Nidhi Razdan reveals her Harvard University job offer was fake

Precious Kashmir 15/01/2021

‘Bringi’ outsmarts biggest brands of water, bags Indian Leadership Award-2021

Precious Kashmir 15/01/2021

300-400 militants ready to infiltrate into this side: Army Chief General MM Naravane

Precious Kashmir 15/01/2021

Covid-19 vaccine hesitancy among healthcare workers worrisome: DAK

Precious Kashmir 15/01/2021

Div Com lands in Gurez along with Covid-19 vaccines

Precious Kashmir 15/01/2021

‘Desist, otherwise registration will be withdrawn’

Precious Kashmir 15/01/2021

‘Fake Orders’: Govt directs strict action against unscrupulous elements, CB probe

Precious Kashmir 15/01/2021

9th round of talks underway between farmers, Centre

United News Of India 15/01/2021

Highway remains shut, traffic also suspended on Ramban-Banihal sector

United News Of India 15/01/2021

5 Persons Injured As Mini Bus Turns Turtle In Poonch

Precious Kashmir 15/01/2021

No Let Up In Deep Freeze In Kashmir, Dense Fog Envelops Srinagar

Precious Kashmir 15/01/2021

People with allergies can take Covid-19 vaccine: DAK

Precious Kashmir 14/01/2021

People continue to suffer as Gurez road remains closed since Jan 1

United News Of India 14/01/2021

CRPF officer injured in road accident in Qazigund

United News Of India 14/01/2021

Walking on frozen Dal could be dangerous, People warned

Precious Kashmir 14/01/2021

Records break, Srinagar records coldest night after 29 years

Precious Kashmir 14/01/2021

LATEST UPDATES

Srinagar: Fire breaks out in Nawa Kadal

Precious Kashmir 17/01/2021

Srinagar records minus 7.6 C,  Kashmir remains frozen

Precious Kashmir 17/01/2021

Major nocturnal blaze breaks out in old-chowk Kupwara, several shops damaged

Precious Kashmir 17/01/2021

2 persons injured as load carrier rolls into Jhelum In Hajin

Precious Kashmir 16/01/2021

Sale of air tickets on exorbitant rates: Crime Branch Kashmir searches premises of several travel agencies

Precious Kashmir 16/01/2021

Kashmir Freeze Unabated: Minus 8.2°C In Srinagar, Kokernag Coldest In Valley

Precious Kashmir 16/01/2021

Govt Announces ‘One-Time’ Relaxation For JKCCE Exams

Precious Kashmir 15/01/2021

Kansal calls for safety of line workers; Stresses need to follow SOPs, use PPEs

Precious Kashmir 15/01/2021

Hideout busted in North Kashmir’s Kupwara

Precious Kashmir 15/01/2021

Nidhi Razdan reveals her Harvard University job offer was fake

Precious Kashmir 15/01/2021

‘Bringi’ outsmarts biggest brands of water, bags Indian Leadership Award-2021

Precious Kashmir 15/01/2021

300-400 militants ready to infiltrate into this side: Army Chief General MM Naravane

Precious Kashmir 15/01/2021

Covid-19 vaccine hesitancy among healthcare workers worrisome: DAK

Precious Kashmir 15/01/2021

Div Com lands in Gurez along with Covid-19 vaccines

Precious Kashmir 15/01/2021

‘Desist, otherwise registration will be withdrawn’

Precious Kashmir 15/01/2021

‘Fake Orders’: Govt directs strict action against unscrupulous elements, CB probe

Precious Kashmir 15/01/2021

9th round of talks underway between farmers, Centre

United News Of India 15/01/2021

Highway remains shut, traffic also suspended on Ramban-Banihal sector

United News Of India 15/01/2021

5 Persons Injured As Mini Bus Turns Turtle In Poonch

Precious Kashmir 15/01/2021

No Let Up In Deep Freeze In Kashmir, Dense Fog Envelops Srinagar

Precious Kashmir 15/01/2021

People with allergies can take Covid-19 vaccine: DAK

Precious Kashmir 14/01/2021

People continue to suffer as Gurez road remains closed since Jan 1

United News Of India 14/01/2021

CRPF officer injured in road accident in Qazigund

United News Of India 14/01/2021

Walking on frozen Dal could be dangerous, People warned

Precious Kashmir 14/01/2021

Records break, Srinagar records coldest night after 29 years

Precious Kashmir 14/01/2021
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Sunday, January 17, 2021
PRECIOUS KASHMIR
No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Precious Kashmir
No Result
View All Result
Home Anchor stories

Special audit pulls up EDI authorities for lack of research

Ibni Maqbool by Ibni Maqbool
26/09/2020
in Anchor stories
2 min read
0
Special audit pulls up EDI authorities for lack of research

‘Institution fails to achieve targets under seed capital fund scheme’
Ibni Maqbool
Srinagar, Sep 25: A special audit ordered by the Jammu & Kashmir Government has pulled up the authorities of Entrepreneurship Development Institute (EDI) for lack of research in the institution.
The audit report, a copy of which is in possession of Precious Kashmir, has pointed out that EDI has not done any research so far despite having seven trained faculty members holding doctorate. “One of the important functions of J&K EDI as per the objectives mentioned in the Memorandum of Association is conducting and sponsorship of research in the field of entrepreneurship development. However, as per the records available to the audit, the faculty appointed in JKEDI has not conducted any research so far,” reads the report submitted to the Financial Commissioner, Finance Department.
It’s in place to mention here that JKEDI has a trained faculty of 7 PhD holders but nothing has been published in the name of research till date.
The audit has also revealed that the EDI has not been able to achieve year-wise targets under the seed capital fund scheme. “Audit observed that the year-wise target has not been achieved by the institution under the scheme which indicates that JKEDI has not taken any concrete steps for achieving the targets,” it states.
According to the report, the total target under the scheme for four years (04/2016 to 03/2020) was 8722 units against which EDI trained 6966 educated unemployed young men and women for assistance under the scheme.
Out of them, cases of 4803 beneficiaries were approved by the steering committee for disbursement of seed capital in their favour but only 3911 cases of beneficiaries were forwarded to the Bank with seed money through payees account cheques to the tune of Rs 14220.41 lakhs.
Out of that amount, J&K Bank only disbursed Rs 9071.42 lakhs and cheques of 1476 beneficiaries of amount of Rs 5148.98 lakhs were returned by the Bank, the audit states.
“Thus only Rs 9071.42 lakhs were actually disbursed among 2444 beneficiaries,” the report states, adding that this reveals that a large number of cases were not entertained by the Bank.
This, according to the audit, shows that EDI has not created its own monitoring and evaluation to keep a watch on the functioning of the scheme.
The audit has also made similar observations on the Youth Start Up Loan Scheme started in 2013-14.
The JKEDI was established by the government in March 1997 for entrepreneurship development in the State. The institute started its regular activities from February 2004.

 

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)

Related

Ibni Maqbool

Ibni Maqbool

LATEST UPDATES

Srinagar: Fire breaks out in Nawa Kadal

Precious Kashmir 17/01/2021

Srinagar records minus 7.6 C,  Kashmir remains frozen

Precious Kashmir 17/01/2021

Major nocturnal blaze breaks out in old-chowk Kupwara, several shops damaged

Precious Kashmir 17/01/2021

2 persons injured as load carrier rolls into Jhelum In Hajin

Precious Kashmir 16/01/2021

Sale of air tickets on exorbitant rates: Crime Branch Kashmir searches premises of several travel agencies

Precious Kashmir 16/01/2021

Kashmir Freeze Unabated: Minus 8.2°C In Srinagar, Kokernag Coldest In Valley

Precious Kashmir 16/01/2021

Govt Announces ‘One-Time’ Relaxation For JKCCE Exams

Precious Kashmir 15/01/2021

Kansal calls for safety of line workers; Stresses need to follow SOPs, use PPEs

Precious Kashmir 15/01/2021

Hideout busted in North Kashmir’s Kupwara

Precious Kashmir 15/01/2021

Nidhi Razdan reveals her Harvard University job offer was fake

Precious Kashmir 15/01/2021

‘Bringi’ outsmarts biggest brands of water, bags Indian Leadership Award-2021

Precious Kashmir 15/01/2021

300-400 militants ready to infiltrate into this side: Army Chief General MM Naravane

Precious Kashmir 15/01/2021

Covid-19 vaccine hesitancy among healthcare workers worrisome: DAK

Precious Kashmir 15/01/2021

Div Com lands in Gurez along with Covid-19 vaccines

Precious Kashmir 15/01/2021

‘Desist, otherwise registration will be withdrawn’

Precious Kashmir 15/01/2021

‘Fake Orders’: Govt directs strict action against unscrupulous elements, CB probe

Precious Kashmir 15/01/2021

9th round of talks underway between farmers, Centre

United News Of India 15/01/2021

Highway remains shut, traffic also suspended on Ramban-Banihal sector

United News Of India 15/01/2021

5 Persons Injured As Mini Bus Turns Turtle In Poonch

Precious Kashmir 15/01/2021

No Let Up In Deep Freeze In Kashmir, Dense Fog Envelops Srinagar

Precious Kashmir 15/01/2021

People with allergies can take Covid-19 vaccine: DAK

Precious Kashmir 14/01/2021

People continue to suffer as Gurez road remains closed since Jan 1

United News Of India 14/01/2021

CRPF officer injured in road accident in Qazigund

United News Of India 14/01/2021

Walking on frozen Dal could be dangerous, People warned

Precious Kashmir 14/01/2021

Records break, Srinagar records coldest night after 29 years

Precious Kashmir 14/01/2021
Precious Kashmir

Copyright © 2020 Precious Kashmir.

Navigate Site

  • Home
  • About Us
  • Contact Us
  • Advertise with Us
  • Terms of Service

Follow Us

No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper

Copyright © 2020 Precious Kashmir.