Finance Minister Nirmala Sitharaman gave credit sanction letters of Rs 306 crore to beneficiaries in J&K and declared a Rs 200 crore development fund for the Union territory. She also laid the foundation of self-employment training institute buildings at Shopian and Baramulla regions.

She also attended the credit outreach programme and other events organised by the banker’s committee of J&K at General Zorawar Singh Auditorium Complex at the University of Jammu. On occasion, FM Sitharaman handed over sanction letters of Rs 306 crore to 145 beneficiaries of different banks and schemes such as Pradhan Mantri Employment Generation Programme, MUDRA Scheme, Self-Help Groups, Joint-Liability Groups, etc.

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Sitharaman also declared new schemes and initiatives for J&K, including the Tejaswini and Hausla schemes, Shikhar and Shikara schemes and SIDBI’s Rs 200 crore Cluster Development Fund. “Projects that are in progress for a long time are getting rapidly completed, sections of society are getting assistance from the government, and legitimate businesses are provided credit,” she added.