Context:

• The ambitious 'Mumkin' Scheme, conceived by Jammu and Kashmir administration under the Mission Youth initiative, is proving instrumental in fulfilling the aspirations of youth who can contribute to societal growth and welfare in tremendous ways.

Key Points:

• Under the scheme, unemployed youth are being facilitated to procure small commercial vehicles on a subsidised basis to establish a sustainable livelihood in the transport sector.
• 'Mumkin' is a livelihood programme designed primarily for unemployed young people in the age group of 18 to 35 years. Through the scheme, small commercial vehicles are being provided to the youth with the banking partner extending the loan facility to the extent of 100 per cent for the on-road price of the vehicle to be purchased.
• Apart from this, Mission Youth provides an amount of Rs 80,000 or 10 per cent for the on-road price of the vehicle (whichever is lesser) as an upfront subsidy and the vehicle manufacturers (scheme partner of government) provide a special upfront discount, not less than the amount of subsidy.
• Further, in order to make the scheme implementation completely transparent and fast, a module has been developed on the JK-e-Services portal for operating the scheme digitally. The Jammu and Kashmir  administration is also facilitating soft finance for setting up new enterprises or for the expansion and modernisation of existing ventures for income generation.
• Notably, Mission Youth is an ambitious programme of UT administration aimed at positively engaging youth in the socio-economic development of Jammu and Kashmir  through a multi-pronged strategy involving all necessary systematic interventions, particularly in the areas of skill development, livelihood generation, education, recreation and sports. The UT administration is laying a special thrust on youth skillingself-employment in Rural areas with targeted schemes to drive a socio-economic transformation.