Organization : Depatrment of Employment Jammu & Kashmir
Facility : Self Employment Scheme for Ex-Servicemen
Home Page : http://jakemp.nic.in/
Applicaton Form here : http://jakemp.nic.in/
For more details :https://www.statusin.in/uploads/4410-scheme6.pdf
Self Employment scheme for Ex-Servicemen
In order to assist the ex-Servicemen in taking up gainful self-employment, Directorate General Resettlement (DGR) had in consultation
with Industrial Development Bank of India (IDBI) formulated a self-employment scheme for ex-servicemen in 1987.The scheme known as
SEMFEX scheme, became operational from April 1,1987. With the setting up of Small Industries Development Bank of India (SIDBI)
AIM :
The aim of SEMFEX-1 scheme is to encourage and assist eligible ex-Servicemen to take up self-employment service, ventures in Tiny, Small
Scale Industry and Small Scale Service and Business [Industry Related] Enterprises. Under the scheme, training in Entrepreneurship is also
provided to them facilitating success of the projects.
ELIGIBLE ENTREPRENEURS :
Ex-Servicemen, war widow of ex-Servicemen and disabled Service personnel for assistance under the scheme by DGR, after screening by a
Committee constituted for the purpose, are eligible, for assistance. The applicants should be :
** upto 60 years of age
** registered with Zila Sainik Board (ZSBs). Where no ZSBs have been set up, the applicant should be registered with Rajya Sainik Board(RSB).
Persons who are not registered as above will be required to do so before their applications are accepted.
** Should not have any outstanding loan under other schemes.
ELIGIBLE PROJECTS :
New industrial projects under Tiny, Small Scale Industries and Small Scale Service(Industry Related) Enterprises including Transport,(Havy
duty only), Hospital/Nusrshing Home/Clinic, Hotel/Restaurant and Tourism related activities are eligible for assistance under SEMFEX-1 Scheme
covered under refinance scheme of SIDBI. The cost of project shall not exceed Rs. 15 lakh, Sanction of term loan assistance by the SFCs/twin
function IDCs is a pre-requisite for grant of Soft Seed Capital Assistance under the scheme.
TRANSPORT PROJECTS :
The assistance under ‘General’ transport sector is presently held in abeyance. The Soft Seed Capital Assistance is presently restricted to
‘heavy duty’ vehicles like tipper, loader and tanker etc. However, in respect to industrial project, inclusion of one transport vehicle in the project
cost may be permitted. Under the scheme,assistance for purchase of vehicle is limited to 2 per ex-Servicemen/unit.
TERMS OF ASSISTANCE :
With effect from 01 April 1993, Debt Equity Ratio for loan upto Rs. 10 lakhs is 3 :1 meaning thereby.
** Premoters’contribution 10 percent
** Soft Seed Capital 15 percent
** Term loan 75 percent
REPAYMENT :
Soft Seed Capital Assistance : Repayment of Soft Seed Capital Assistance would commence along with recovery of normal term loan.
Assistance provided for non-transport loans is repayable over a period of not more than 7 years(including moratorium not exceeding two years).
Soft loan for eligible transport projects is repayable over a period of not more than 5 years (including moratorium upto six months). The
moratorium for soft seed capital assistance and term loan would be the same.