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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)
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)
Hans India
14-05-2025
- Business
- Hans India
2.74 lakh SHGs data digitised
Vijayawada: S Suresh Kumar, Prinicipal secretary, the department of municipal administration and urban development, said on Tuesday the digitisation of the data of 2,74,873 Self Help Groups comprising 28,39,046 (99.41 percent) members have been completed. He addressed the Training of Trainers (TOT) session held at the MEPMA Head Office in Tadepalli on Tuesday. Addressing on the occasion, Suresh Kumar said Mission for Elimination of Poverty in Municipal Areas (MEPMA) has supervised the digitization of the data of SHGs. He said the data linkage with banks will assist in thorough verification during loan sanctions to Self Help Groups. He said for this purpose, the MEPMA Loan Charge Creation (MLCC) module was developed. Through this data integration, details of SHG members and verification of other loans linked to their Aadhaar numbers become easier, he added. He further said the MEPMA has completed SHG profiling and introduced digital initiatives such as the MLCC module to digitize SHG transactions. MEPMA Mission Director N Tej Bharat, explained how to download the MLCC module app and how to use it to grant loans under the microcredit plan. He informed that from June 1 onwards loans to SHG members in urban areas should be sanctioned exclusively through this SHG Profiling App. Physical loan processing will be discontinued, he added. He informed that login credentials were provided to 2066 branches out of 2631 from 24 banks across the state. The aim is to distribute SHG loans through this system. This app helps avoid misuse of funds and prevents issues such as loan defaults. He also emphasized that 30,000 urban women should be developed into entrepreneurs across the state. Among them, 10,000 existing women entrepreneurs will receive advanced training to enhance their businesses, while 20,000 new women entrepreneurs will be developed. He requested bank representatives to cooperate in this mission. He stated that some bank branches are not permitting SHGs to withdraw their savings for internal lending and requested the bank to allow them to withdraw their money. He said internal lending is one of the basic principles (one of the five key rules) of SHG operations. Hence, a humble request is made to all banks to allow SHG groups to withdraw funds for internal lending purposes. APTIDCO MD B Sunil Kumar Reddy, representatives of the state Level bankers Committee and senior MEPMA officials and representatives of the SGHs.
The Hindu
05-05-2025
- General
- The Hindu
Handicraft by local shepherds to be on display at Belagavi airport in Karnataka
Handicraft items made by the shepherding women of Kadoli village will soon be available for sale at Belagavi airport in Sambra. This was decided after a team of senior officers visited the craft centre run by the Self Help Groups (SHGs) in Kadoli village. Rahul Shinde, Zilla Panchayat Chief Executive Officer, said that the products include traditional products made by Kadoli women like handbags, shawls and caps, and innovative products like coasters, mouse pads and table top stationary. 'The airport stall is earning up to ₹2 lakh per month. Even if the local handicrafts persons manage to earn a 10% share in that amount, it would be a good beginning,' he said. He pointed out that the ZP will work with the local SHGs in training their women members in art, marketing, and finance management. 'We will also try to provide all the SHGs and artisans from the district an online platform to sell their produce under the Sanjeevini - National Rural Livelihood Mission - Karnataka,' he said. Mr. Shinde was among the senior officers who visited the Kadoli crafts centre, along with Deputy Commissioner Mohammad Roshan, and Superintendent of Police Bheemashankar S. Guled. They interacted with the women, their trainers and chief mentor G. N. Gopikrishna. They saw various products being made from sheep wool, felt, and vegetable tanned leather. The officers appreciated the skills of Shivaraj Pujeri, a young man from Kadakol village, who has mastered the art of making felt shoes with and without soles. They urged him to produce shoes for men and women in different sizes. Mr. Roshan asked the women to scale up their production capacity, and expand their market. He assured all help in their endeavour. Dr. Guled urged the women to acquire additional skills to introduce finesse in their products, and to improve their overall quality and longevity. Neelakanth Mama, a local community leader, urged the officials to take long-term steps, like preserving community grazing land and vaccination of sheep, to protect the community. He urged the government to train local youth as para-veterinarians to help them identify animal epidemics, isolate affected herds, assist veterinarians in treating them, and vaccinating the rest. Mahesh Jadhav, co-founder of Mahesh Foundation, a Belagavi-based NGO, has worked with the ZP in setting up the airport stall. He said introducing local wool and felt products in the airport stall was a good idea as it would empower women artisans. The foundation's women volunteers are always on the lookout for various handicrafts and other local products to be showcased in the airport. The SHGs promoted by our NGO are now running a craft outlet in the foundation headquarters at Kanabargi. They are also running the Akka Cafe in the Belagavi ZP premises.
