Union Territory Level Bankers Committee(UTLBC)
Ladakh
Ladakh
While large industries face significant challenges, the evolution of MSMEs is essential for driving economic growth and sustainability in the region. The status of micro, small, and medium enterprises (MSMEs) in Ladakh is evolving rapidly across sectors such as tourism, handicrafts, agriculture, food processing, and renewable energy. Handicrafts like Pashmina products and traditional local artistry are gaining prominence, while agriculture is evolving through organic farming and small-scale food processing initiatives. Collectively, these MSMEs play a crucial role in promoting local culture, generating employment opportunities, and driving sustainable development.
Rehabilitation efforts focus on financial assistance, skill development, and infrastructure enhancement. Despite harsh climatic conditions and infrastructure limitations, the entrepreneurial spirit in Ladakh remains strong and contributes to long-term economic growth.
The Prime Minister Employment Generation Programme (PMEGP) is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises. The scheme supports establishment of new micro and small enterprises in the region. Under the manufacturing sector, projects up to Rs. 50 lakhs are eligible for margin money subsidy, while projects up to Rs. 20 lakhs are supported under the business/service sector.
| Sr. No | Year | No. of Units | Total Amount Sanctioned (Rs.) |
|---|---|---|---|
| 1 | 2021-22 | 150 | 16,92,11,300 |
| 2 | 2022-23 | 193 | 26,50,12,000 |
| 3 | 2023-24 | 126 | 16,62,52,850 |
| 4 | 2024-25 | 123 | 15,95,90,000 |
| 5 | 2025-26 | 120 | 10,07,70,000 |
PMFME is a centrally sponsored scheme aimed at supporting micro food processing enterprises. Individual units are eligible for a credit-linked capital subsidy of 35% of the project cost, with a maximum ceiling of Rs. 10 lakhs per unit.
| Sr. No | Year | No. of Units | Total Amount Sanctioned (Rs.) |
|---|---|---|---|
| 1 | 2021-22 | 06 | 71,64,269 |
| 2 | 2022-23 | 26 | 3,41,07,934 |
| 3 | 2023-24 | 33 | 3,69,89,259 |
| 4 | 2024-25 | 0 | 0 |
| 5 | 2025-26 | 10 | 1,46,50,000 |