Mission youth: By 2025, govt to employee 80 pc, says LG Sinha

Jammu: To empower and strengthen youth, the government of Union Territory (UT) of Jammu and Kashmir is eyeing to employee 80 per cent of youth by 2025.
"On October 31, a programme was organised in Srinagar under 'Mission Youth' and as a part of that event, two Memorandums of Understanding (MoU) were signed," Jammu and Kashmir Lieutenant Governor (LG) Manoj Sinha told reporters, here at the Raj Bhawan.
He said, "Under Mission Youth, UT government has decided to employee 80 per cent of our youth by 2025 and efforts in this regard are enhanced on the ground."
He also said that MoU has been signed with the Bombay Stock Exchange (BSE) under which, our youth will be given training of banking sector, stock exchange, finances so that they become independent and secure their future.
The LG said that another MoU has been also signed with Ashok Leyland under which small vehicles (load carrier) will be provided to the beneficiaries.
"Ashok Leyland will be providing Rs 81,000 subsidy whereas the government will provide Rs 80,000 subsidy and under this scheme, many families will be able to earn their livelihood," said LG Sinha.
However, BSE, Asia’s oldest stock exchange, has signed four MoUs with Mission Youth, Government of J&K to spread financial awareness, support economic development, and encourage sustainable livelihood in the Union Territory.
The MoUs were signed by the representatives of the BSE and CEO, Mission Youth, Dr Syed Abid Rasheed Shah in the presence of the UT LG.
Pertinently, under Mission Youth, the J&K government has been continuously working on Policy and Process interventions to bridge the skill gaps, create conducive environment for collaborative efforts to generate employment opportunities in various sectors.
The Lt Governor observed that the collaboration of J&K Government and the BSE Institute known for its excellence in Banking and Financial training will benefit the people of J&K, especially the youth and women to successfully transit from classroom to workplace environment.
“We are adopting the best global practices of youth empowerment and encouraging sustainable livelihood, besides spreading financial literacy amongst the youth of J&K," observed the Lt Governor.
He said that the improvement in regulatory environment and business ecosystem is playing a major role in promoting economic growth and financial inclusion in the Jammu Kashmir Union Territory.
"In this backdrop, our goal under Mission Youth is to tap this opportunity and ease the transition process from classroom to office room," he added.
Financial sector in Jammu and Kashmir has evolved significantly over the years and has been a key driving force behind economic growth. We are also looking to utilise double digit growth in the banking sector at the national level with our rich and available demographic dividends, he added.
Ashish Kumar Chauhan, MD & CEO, BSE, said that the BSE’s association with Mission Youth, Government of J&K will enable youngsters and women particularly to learn more about the financial world, develop requisite skills essential to make a career in the BFSI space.
CEO, Mission Youth, Dr. Syed Abid Rasheed Shah informed that through this association, eligible candidates will be able to attend financial awareness programs, undergo skill courses in Banking and Financial Markets and specialized programs in mutual funds that would enable them to enroll in the BSE Star Mutual Fund platform.