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Reading: Finance Minister Nirmala Sitharaman inaugurates developmental initiatives in Ladakh
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StockWaves > Business > Finance Minister Nirmala Sitharaman inaugurates developmental initiatives in Ladakh
Business

Finance Minister Nirmala Sitharaman inaugurates developmental initiatives in Ladakh

StockWaves By StockWaves Last updated: June 16, 2025 3 Min Read
Finance Minister Nirmala Sitharaman inaugurates developmental initiatives in Ladakh
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Union Minister for Finance and Company Affairs, Nirmala Sitharaman, nearly inaugurated a number of improvement initiatives on Sunday in Leh, Ladakh, throughout her four-day go to to the Union Territory.

The Ministry of Finance stated this reaffirms the Authorities of India’s dedication to inclusive development and infrastructure improvement within the Union Territory of Ladakh.

The Union Finance Minister additionally interacted with the officers of the Union Territory administration.

On the second day of her go to, she addressed an viewers throughout the Credit score Outreach Programme in Leh and handed over sanction letters from banks to beneficiaries beneath varied Central Authorities schemes.

Through the Credit score Outreach, loans value Rs 5.13 crore have been disbursed to beneficiaries beneath completely different schemes, together with PM MUDRA, PM Vishwakarma, PMEGP, PM Micro Meals Processing Enterprises Scheme (PM FME), and Joint Legal responsibility Group (JLG) loans.

The Union minister additionally visited an exhibition of native handicrafts and handloom merchandise by Self Assist Teams (SHG) and Native Entrepreneurs in Leh.

Sitharaman interacted with artisans, women-led SHGs and native entrepreneurs showcasing conventional crafts, handloom textiles and sustainable improvements at their stalls.

She appreciated the entrepreneurial spirit and creativity of the artisans, highlighting their function in preserving cultural heritage and boosting rural livelihoods within the Union Territory.

Minister Sitharaman interacted with Rinchen Dolma, a PM Mudra Scheme beneficiary, throughout her go to to an exhibition of native handicrafts and handloom merchandise by Self Assist Teams (SHG) and Native Entrepreneurs in Leh.

“What a spectacular drive there may be in her to make use of a authorities scheme and showcase what she has grown. Very effectively finished,” the FM stated.

She inspired Dolma to maneuver into the subsequent part of the PM Mudra Scheme and scale up her enterprise.

Earlier on Saturday, Finance Minister Sitharaman interacted with Ladakh Lok Sabha MP Mohmad Haneefa. Former Ladakh Lok Sabh MP Jamyang Tsering Namgyal additionally referred to as on the Union Finance Minister.

A delegation of Government Councillors of Ladakh Autonomous Hill Growth Council, led by its Chairman/CEC Tashi Gyalson, referred to as on the Union Finance Minister.

On her first day of the four-day go to, Finance Minister Sitharaman visited Leh Palace in Leh. The Seventeenth-century palace, standing on a steep mass of sandy rock hill, dominates the town constructed by the revered king Singe Namgyal.

Finance Minister Sitharaman additionally visited the Shanti Stupa in Leh. The 14th Dalai Lama, Tenzin Gyatso, laid the inspiration stone of the Ladakh Shanti Stupa on August 25, 1985 and on August 25, 1991, Thiksey Khenpo Rinpoche inaugurated it.

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