Industrialization in UT 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, encompassing sectors such as tourism, handicrafts, agriculture, food processing, and renewable energy. Handicrafts, like Pashmina products and traditional local artistry, are gaining prominence. Agriculture is evolving with small-scale farming and organic produce, while food processing initiatives emphasize local foods and beverages. Collectively, these MSMEs are crucial for promoting local culture, creating jobs, and driving sustainable development in the region.

Rehabilitation efforts are focused on providing financial support through government schemes, enhancing skill development initiatives, and improving infrastructure. By addressing these challenges, the aim is to revitalize the MSME sector in Ladakh, fostering a more resilient and sustainable industrial landscape. However, challenges such as limited infrastructure and harsh climatic conditions persist. Despite these hurdles, the entrepreneurial spirit is strong, with many local businesses innovating to adapt and thrive, contributing to sustainable economic growth in the region.

Status of Credit Flow to MSMEs in UT Ladakh :

The Prime Minister Employment Generation Programme (PMEGP) is a central sector scheme administered by the Ministry of Micro, Small and Medium Enterprises. The scheme assists in the setup of new micro and small enterprises in the region. The maximum cost of the project/unit admissible for margin money subsidy under the manufacturing sector is Rs. 50 lakhs. The maximum cost of the project unit admissible for margin money subsidy under the business/service sector is Rs. 20 lakhs.

Following Number of Units Sanctioned under PMEGP :

Sr. No	Year	No of Units	Total Amount Sanctioned (in 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

PM Formalization of Micro Food Processing Enterprises Scheme (PMFME) :

The PM Formalization of Micro Food Processing Enterprises Scheme (PMFME) is a central sponsored scheme. Individual micro food processing units would be provided credit-linked capital subsidy of 35% of the eligible project cost, with a maximum ceiling of Rs. 10.00 lakh per unit.

Following Number of Units Sanctioned under PMFME :

Sr. No	Year	No of Units	Total Amount Sanctioned (in Rs.)
1	2021-22	06	71,64,269
2	2022-23	26	3,41,07,934
3	2023-24	33	3,69,89,259