No items had been established beneath different central and Union Territory schemes such because the Youth Begin-Up Mortgage Scheme (YSSL), Seed Capital Fund Scheme (SCFS), and the Nationwide Minorities Improvement and Finance Company (NMDFC) in Jammu and Kashmir over the past three years
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The Jammu and Kashmir authorities has stated only 18 start-ups have acquired seed capital assist in the Union Territory over the previous three monetary years, with funding launched only in the present fiscal beneath the Jammu and Kashmir Entrepreneurship Improvement Institute (JKEDI).
The federal government on Tuesday knowledgeable the Legislative Meeting stated that no seed capital was supplied to start-ups in 2023–24 and 2024–25 beneath JKEDI or another government-supported mechanism. Funding was launched only in 2025–26, when ₹3.6 crore was sanctioned in favour of 18 start-ups, at ₹20 lakh per start-up.
The full seed capital launched through the interval stands at ₹9 crore, calculated at ₹5 lakh per start-up, the federal government stated in reply to a un-starred query by MLA Shabir Ahmad Kullay, including that each one 18 start-ups had been funded in the present monetary 12 months. Officers stated the sanctioned help was geared toward early-stage ventures with scalable enterprise fashions, although particulars of sector-wise distribution weren’t shared.
The federal government additionally knowledgeable the Home that no items had been established beneath different central and Union Territory schemes such because the Youth Begin-Up Mortgage Scheme (YSSL), Seed Capital Fund Scheme (SCFS), and the Nationwide Minorities Improvement and Finance Company (NMDFC) in Jammu and Kashmir over the past three years.
The disclosure comes at a time when the administration has been projecting entrepreneurship and start-ups as key drivers of employment technology in the Union Territory.
Vital hole
Nonetheless, the figures spotlight a big hole between coverage intent and on-ground implementation, notably in phrases of monetary assist to new ventures.
Begin-up founders and trade observers have repeatedly flagged delays in funding, procedural bottlenecks, and restricted outreach of present schemes as main hurdles for aspiring entrepreneurs in the area.
The federal government, nevertheless, maintains that efforts are underway to strengthen the start-up ecosystem and broaden institutional assist in the approaching years.
Officers stated the administration was reviewing present startup schemes to streamline approval processes and enhance disbursal timelines.
“Steps had been being taken to enhance coordination between monetary establishments and implementing companies to make sure wider protection and simpler assist for early-stage entrepreneurs in the area”, stated the officers.
Revealed on February 11, 2026
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