Ladakh Clears Rs 16.17 Crore in SIDCO Loans for 137 Entrepreneurs

Overview

• The Project Implementation Committee approved loans for 89 beneficiaries in Leh and 48 in Kargil at a loan distribution event in Leh.
• The sanctioned amount totals Rs 16.17 crore, with loans offered at concessional interest rates ranging from 4% to 10%.
• Officials report more than 13,600 MSME units operating in Ladakh, supporting over 50,000 jobs along with 147 industrial estate units.
• The administration cites 4,188 artisans registered under PM Vishwakarma, Brand Ladakh showrooms in Leh and Delhi, and Rs 1.19 crore in seed capital for women self-help groups.
• Lt Governor Kavinder Gupta urged youth to become job creators by using PMEGP, PM Vishwakarma and Start-Up India, with SIDCO highlighted as the UT’s loan facilitation vehicle since 2021.