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Sitharaman Rolls Out ₹5.13 Crore Loans to Boost Ladakh’s Economy

Her visit follows a steep decline in visitors after the Pahalgam terror attack, focusing on fresh credit schemes, upgraded connectivity, tourism promotion

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Photo: SNS
Photo:SNS

Overview

  • The finance minister disbursed ₹5.13 crore under schemes such as Pradhan Mantri MUDRA, PMEGP, PM Vishwakarma, PM FME and joint liability group loans to empower local micro-enterprises
  • She assured LAHDC Leh and Kargil representatives she would review Rs 72 crore budget cuts, expedite Revised Estimates and back targeted tourism promotion measures
  • Delegations of hoteliers, tour operators and transport unions pressed for special relief after April’s Pahalgam attack, seeking loan moratoriums, rescheduling and distressed-sector recognition
  • Sitharaman virtually inaugurated multiple development projects in Leh and assessed infrastructure upgrades including new road links, all-weather tunnels and observatory enhancements
  • The government committed to extending BharatNet and adding mobile towers across Ladakh to bring digital connectivity to every panchayat