Food processing

Ladakh LG seeks support from SIDBI to develop pashmina wool and food processing MSMEs

Ladakh LG seeks support from SIDBI to develop pashmina wool and food processing MSMEs

Leh, April 13 (KNN) Ladakh Lieutenant Governor RK Mathur has urged the Small Industries Development Bank of India (SIDBI) to assist MSMEs in scaling up pashmina wool and food processing units to ensure that the product is of superior quality while retaining its local essence and value.

LG Mathur and SIDBI (CMD) President and CEO Sivasubramanian Rammann met in Raj Niwas on Wednesday to discuss ways to promote local entrepreneurship in the region, with a focus on particular sectors.

Raman briefed LG Mathur on the various initiatives of SIDBI under the SIDBI Cluster Development Fund (SCDF) with the support of the Reserve Bank of India (RBI) to develop and strengthen MSMEs.

He highlighted various development initiatives that SIDBI plans to implement in Ladakh to boost local entrepreneurship, production of medicinal plants and herbs as well as setting up energy projects. solar.

“SIDBI could step in to bridge the gap in meeting the vegetable needs of the population through commercial greenhouses in Ladakh and help increase milk production in a targeted and sustainable way,” the LG suggested.

He also urged the financial institution to provide mentorship in sectors such as handicrafts, food processing, solar, etc.

Dr. Satish Tripathi, Founder of Ek Kadam Aur Foundation and his delegation at the meeting called on LG Mathur to discuss the possibility of introducing its leadership and innovation programs in educational institutions in Ladakh. (KNN Office)