SUBJECT : Reserve Bank of India, Jammu on Friday organised one day workshop for the directors of RSETIs (Rural Self Employment Training Institutes) functioning in the State of Jammu and Kashmir.

Srinagar, November 18, 2017: Reserve Bank of India, Jammu on Friday organised one-day workshop for the directors of RSETIs (Rural Self Employment Training Institutes) functioning in the State of Jammu and Kashmir here in Srinagar. The Workshop was inaugurated by A K Mattu, General Manager & Officer-in-Charge, RBI, Jammu and Kashmir, an official handout read.

According to the handout, Mattu highlighted that the present employment market in organised and unorganised sector had the limited potential to offer gainful employment to the growing population of employable youth emerging from degree and other training establishments/institutions every year.

“There is a strong case and need to encourage the micro and small enterprise sector where such burgeoning population of youth with proper training and skill development can have an opportunity to identify and select/initiate their own ventures of self-employment,” He said.

The important task of imparting proper training and orienting skills of the youth rested on RSETIs.

RSETIs is an important institutional mechanism of not only imparting training to the unemployed youth but also to assist them in taking up ventures with credit linkage to the banks, wherever required with an initial phase of handholding, it read.

“Despite various constraints relating to geography, ecology, accessibility/connectivity issues, etc., the State of Jammu and Kashmir is endowed with great potential in tourism, horticulture, handicrafts and handlooms and exports, etc. which can be tapped and which have the potential to boost the state economy, entrepreneurship culture and aid the employment generation using local resources,” he reminded.

While elaborating on the evolution of RSETIs, he exuded confidence that RSETI in the State of Jammu and Kashmir had “contributed immensely in helping unemployed youth to establish their units, assist and handhold them till they achieve a sustainable level of maturity as also assist them in seeking bank loans under various schemes in a hassle free manner”.

RSETIs have trained 40,261 since inception out of which, more than 27,000 had been settled either in wage employment or in self-employment marking 67% settlement. Nearly 9500 candidates had availed bank finance to start their own ventures among the settled ones, it read

Pushpas Pandey, Deputy General Manager, NABARD appealed the participants to “make best use of RSETI model and provide much needed succour to the economy by orienting youth to sustainable and viable economic ventures” after imparting necessary training and desired handholding by RSETIs, the handout added.

Vipin Diwedi, senior official of National Payment Corporation of India, Mumbai delivered a presentation on digital products and how digital products can transform an economy.

Source: Kashmir Reader