Now Reading: Altaf Bukhari urges J-K youth to start own businesses
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Altaf Bukhari urges J-K youth to start own businesses
Apni Party president Syed Mohammad Altaf Bukhari has urged young people in Jammu and Kashmir to turn to entrepreneurship instead of depending on limited government jobs. Speaking at the launch of 'The…
Apni Party president Syed Mohammad Altaf Bukhari has urged young people in Jammu and Kashmir to turn to entrepreneurship instead of depending on limited government jobs. Speaking at the launch of 'The Story', a jewellery store in Srinagar's Rainawari area, Bukhari said self-employment not only supports the entrepreneur but can create jobs for others. He described even a small business start as commendable.
Bukhari also called on the administration to build a supportive ecosystem for new ventures, arguing that encouraging entrepreneurship cannot rest solely on youth. He was accompanied by several party leaders at the event. The store, owned by Burhan Qadir Bhat, sells designer jewellery and lifestyle products.
Indian Opinion Analysis
Jammu and Kashmir's organised private sector is small, and government jobs absorb only a fraction of the 5.6 lakh registered job-seekers. The Union Territory's own economic survey, tabled in March 2024, reported an unemployment rate of 6.1% among the 15-29 age group, higher than the national average. Entrepreneurship faces structural hurdles: bank credit to the UT's micro and small enterprises has shrunk in recent years, and power supply remains erratic in several districts. The government launched the Mission Youth scheme in 2021, offering subsidised loans and skilling, but disbursement has been slow. The next data point to watch is the number of new Udyam registrations in the UT for financial year 2024-25, due from the Ministry of Micro, Small and Medium Enterprises by year-end.
Source: greaterkashmir.com
This brief was synthesised by AI from the source linked above.
