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India Gazette
12 hours ago
- Business
- India Gazette
Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh
Leh (Ladakh) [India], June 15 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, virtually inaugurated several development projects on Sunday in Leh, Ladakh, during her four-day visit to the Union Territory. The Ministry of Finance said this reaffirms the Government of India's commitment to inclusive growth and infrastructure development in the Union Territory of Ladakh. The Union Finance Minister also interacted with the officials of the Union Territory administration. On the second day of her visit, she addressed an audience during the Credit Outreach Programme in Leh and handed over sanction letters from banks to beneficiaries under various Central Government schemes. During the Credit Outreach, loans worth Rs 5.13 crore were disbursed to beneficiaries under different schemes, including PM MUDRA, PM Vishwakarma, PMEGP, PM Micro Food Processing Enterprises Scheme (PM FME), and Joint Liability Group (JLG) loans. The Union minister also visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. Sitharaman interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. She appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their role in preserving cultural heritage and boosting rural livelihoods in the Union Territory. Minister Sitharaman interacted with Rinchen Dolma, a PM Mudra Scheme beneficiary, during her visit to an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. 'What a spectacular drive there is in her to use a government scheme and showcase what she has grown. Very well done,' the FM said. She encouraged Dolma to move into the next phase of the PM Mudra Scheme and scale up her business. Earlier on Saturday, Finance Minister Sitharaman interacted with Ladakh Lok Sabha MP Mohmad Haneefa. Former Ladakh Lok Sabh MP Jamyang Tsering Namgyal also called on the Union Finance Minister. A delegation of Executive Councillors of Ladakh Autonomous Hill Development Council, led by its Chairman/CEC Tashi Gyalson, called on the Union Finance Minister. On her first day of the four-day visit, Finance Minister Sitharaman visited Leh Palace in Leh. The 17th-century palace, standing on a steep mass of sandy rock hill, dominates the city built by the revered king Singe Namgyal. Finance Minister Sitharaman also visited the Shanti Stupa in Leh. The 14th Dalai Lama, Tenzin Gyatso, laid the foundation stone of the Ladakh Shanti Stupa on August 25, 1985 and on August 25, 1991, Thiksey Khenpo Rinpoche inaugurated it. (ANI)
Hans India
13 hours ago
- Business
- Hans India
FM hands over loan sanction letters worth Rs 5.13 crore to beneficiaries in Leh
Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Sunday handed over loan sanction letters worth Rs 5.13 crore to beneficiaries in Ladakh's Leh, under various Central government financial inclusion schemes. The move is part of the Centre's continued efforts to empower local communities through targeted economic support and strengthen entrepreneurship in remote regions like Ladakh. The Finance Minister distributed the sanction letters during the Credit Outreach Programme organised in Leh, where beneficiaries of schemes such as the Pradhan Mantri Mudra Yojana (PMMY), the PM Vishwakarma Yojana, the Prime Minister's Employment Generation Programme (PMEGP), the PM Formalisation of Micro Food Processing Enterprises (PM-FME) Scheme, and Joint Liability Group (JLG) loans received official support from participating banks. FM Sitharaman, who is on a four-day visit to Ladakh, also interacted with beneficiaries and bank officials during the programme. Her visit comes at a time when the government is increasing its focus on financial inclusion in aspirational and border regions. Through these initiatives, the government aims to promote local entrepreneurship, generate employment, and ensure equitable access to formal credit systems. Earlier in the day, the Finance Minister visited an exhibition in Leh featuring local handicrafts, handloom products, and sustainable innovations developed by women-led self-help groups (SHGs) and small entrepreneurs. She praised their creativity and the role they play in preserving Ladakh's cultural heritage, while also contributing to rural economic development. The Centre's flagship schemes, like the PM Mudra Yojana and DAY-NRLM, have played a key role in driving financial inclusion across India. Under the PMMY alone, over 52 crore loans worth Rs 32.61 lakh crore have been sanctioned since its launch, with nearly 70 per cent of the beneficiaries being women entrepreneurs. The scheme's emphasis on collateral-free credit has enabled small business owners, particularly in rural and semi-urban areas, to become financially independent. The Finance Minister was also scheduled to meet with officials from the Ladakh Autonomous Hill Development Council (LAHDC) and the Union Territory administration, and inaugurate various developmental projects during her visit.
Time of India
16 hours ago
- Business
- Time of India
Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, virtually inaugurated several development projects on Sunday in Leh, Ladakh, during her four-day visit to the Union Territory. The Ministry of Finance said this reaffirms the Government of India's commitment to inclusive growth and infrastructure development in the Union Territory of Ladakh . The Union Finance Minister also interacted with the officials of the Union Territory administration. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo On the second day of her visit, she addressed an audience during the Credit Outreach Programme in Leh and handed over sanction letters from banks to beneficiaries under various Central Government schemes. During the Credit Outreach, loans worth Rs 5.13 crore were disbursed to beneficiaries under different schemes, including PM MUDRA, PM Vishwakarma, PMEGP, PM Micro Food Processing Enterprises Scheme (PM FME), and Joint Liability Group (JLG) loans. Live Events The Union minister also visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. Sitharaman interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. She appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their role in preserving cultural heritage and boosting rural livelihoods in the Union Territory. Minister Sitharaman interacted with Rinchen Dolma, a PM Mudra Scheme beneficiary, during her visit to an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. "What a spectacular drive there is in her to use a government scheme and showcase what she has grown. Very well done," the FM said. She encouraged Dolma to move into the next phase of the PM Mudra Scheme and scale up her business. Earlier on Saturday, Finance Minister Sitharaman interacted with Ladakh Lok Sabha MP Mohmad Haneefa. Former Ladakh Lok Sabh MP Jamyang Tsering Namgyal also called on the Union Finance Minister. A delegation of Executive Councillors of Ladakh Autonomous Hill Development Council, led by its Chairman/CEC Tashi Gyalson, called on the Union Finance Minister. On her first day of the four-day visit, Finance Minister Sitharaman visited Leh Palace in Leh. The 17th-century palace, standing on a steep mass of sandy rock hill, dominates the city built by the revered king Singe Namgyal. Finance Minister Sitharaman also visited the Shanti Stupa in Leh. The 14th Dalai Lama, Tenzin Gyatso, laid the foundation stone of the Ladakh Shanti Stupa on August 25, 1985 and on August 25, 1991, Thiksey Khenpo Rinpoche inaugurated it.
Mint
16 hours ago
- Business
- Mint
Finance Minister Nirmala Sitharaman inaugurates developmental projects in Ladakh
Leh (Ladakh) [India], June 15 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, virtually inaugurated several development projects on Sunday in Leh, Ladakh, during her four-day visit to the Union Territory. The Ministry of Finance said this reaffirms the Government of India's commitment to inclusive growth and infrastructure development in the Union Territory of Ladakh. The Union Finance Minister also interacted with the officials of the Union Territory administration. On the second day of her visit, she addressed an audience during the Credit Outreach Programme in Leh and handed over sanction letters from banks to beneficiaries under various Central Government schemes. During the Credit Outreach, loans worth ₹ 5.13 crore were disbursed to beneficiaries under different schemes, including PM MUDRA, PM Vishwakarma, PMEGP, PM Micro Food Processing Enterprises Scheme (PM FME), and Joint Liability Group (JLG) loans. The Union minister also visited an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. Sitharaman interacted with artisans, women-led SHGs and local entrepreneurs showcasing traditional crafts, handloom textiles and sustainable innovations at their stalls. She appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their role in preserving cultural heritage and boosting rural livelihoods in the Union Territory. Minister Sitharaman interacted with Rinchen Dolma, a PM Mudra Scheme beneficiary, during her visit to an exhibition of local handicrafts and handloom products by Self Help Groups (SHG) and Local Entrepreneurs in Leh. "What a spectacular drive there is in her to use a government scheme and showcase what she has grown. Very well done," the FM said. She encouraged Dolma to move into the next phase of the PM Mudra Scheme and scale up her business. Earlier on Saturday, Finance Minister Sitharaman interacted with Ladakh Lok Sabha MP Mohmad Haneefa. Former Ladakh Lok Sabh MP Jamyang Tsering Namgyal also called on the Union Finance Minister. A delegation of Executive Councillors of Ladakh Autonomous Hill Development Council, led by its Chairman/CEC Tashi Gyalson, called on the Union Finance Minister. On her first day of the four-day visit, Finance Minister Sitharaman visited Leh Palace in Leh. The 17th-century palace, standing on a steep mass of sandy rock hill, dominates the city built by the revered king Singe Namgyal. Finance Minister Sitharaman also visited the Shanti Stupa in Leh. The 14th Dalai Lama, Tenzin Gyatso, laid the foundation stone of the Ladakh Shanti Stupa on August 25, 1985 and on August 25, 1991, Thiksey Khenpo Rinpoche inaugurated it. (ANI)
