The Hindu : `Take up self-employment ventures'

Online edition of India's National Newspaper
Monday, Mar 15, 2004

Tamil Nadu

Tamil Nadu - Tiruchi

`Take up self-employment ventures'

By Our Special Correspondent

TIRUCHI, MARCH 14 . Officials of various departments and financial institutions who spoke at an entrepreneurship development workshop on Saturday called upon the unemployed educated youths to take up self-employment ventures by utilising numerous programmes being implemented by several agencies.

Speaking at the workshop, organised by the Entrepreneurship Promotion Cell at the District Employment Office here, R. Ambikeswaran, Regional Joint Registrar, Cooperative Societies, said cooperative banks were extending loans ranging from Rs. 1,000 to Rs. one lakh for individuals and groups to take up self-employment ventures.

Banks were providing loans to the tune of Rs. 10 lakhs to professional graduates to set up clinics and other industrial concerns. They were extending loans to unemployed youths also under the projects implemented by the Tamil Nadu Minority Development Corporation and the Tamil Nadu Backward Classes Economic Development Corporation at a marginal rate of interest for starting self-employment ventures.

The General Manager of the Tuvakudi Industrial Estate branch of the State Bank of India, P. K. Balasubramanian, said the SBI provided loans to the maximum of Rs. 25 lakhs for setting up small-scale industries. Under its newly introduced `Cyber Plus Scheme,' under implementation in 15 districts in the State, credit to the tune of Rs. 50,000 was given to the people to set up Internet kiosks.

The Deputy Registrar of Cooperative Societies (in-charge), S. Ravichandran, said the cooperative banks were extending the maximum number of loans to women self-help groups. He urged the unemployed youths to form men SHGs and take advantage of the credit facilities of cooperative banks.

The Assistant Director of Employment, P. Sureshkumar, said the Entrepreneurship Promotion Cell was functioning successfully and it organised awareness programmes regularly for the benefit of both unemployed youths and entrepreneurs.

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