Menu Toggle
More
    Close

    SIDCO signs Loan agreement with NMDFC,NBCFDC and NDFDC to empower Minorities, Backward Classes and Person with Disabilities in Ladakh.

    Publish Date: December 26, 2024
    IMG-20241224-WA0021

    New Delhi, December 24, 2024: In a significant step towards promoting employment and self-reliance among Minorities, Backward Classes and Person with Disabilities in the Union Territory of Ladakh, the Sindhu Infrastructure Development Corporation (SIDCO) signed number of General Loan Agreements (GLA) and a Government Revolving Guarantee’s worth ₹10.00 crore with the National Minorities Development and Finance Corporation (NMDFC), ₹ 5.00 crore with National Backward Classes Finance and Development Corporation (NBCFDC) and ₹ 5.00 crore with National Divyangjan Finance and Development Corporation (NDFDC) an enterprise under the Government of India.
    The agreement was signed in the presence of Dr. Abha Rani Singh, IRS, Chairman-Cum-Managing Director of NMDFC, Sh. Rajan Sehgal ( IFoS) Managing Director of NBCFDC, Sh. R K Mishra General Manager/CS of NDFDC and Sh. Bhupesh Chaudhary, IAS, Managing Director of SIDCO.
    This landmark partnership aims to implement Employment Generation Schemes across Ladakh, providing interest-subsidized loans at concessional rates to empower Minorities, Backward Classes and Person with Disabilities. These initiative is designed to transition of individuals from being job seekers to becoming job creators, enabling them to become self-reliant and contributing members of society.
    The agreement focuses on uplifting the socio-economic conditions of the targeted population by increasing their income through support in key sectors, including Transport, Tourism, Agriculture, Service Industry and Education.
    This collaboration underscores a shared commitment to fostering sustainable development and enhancing opportunities among Minorities, Backward Classes and Person with Disabilities in Ladakh. By addressing financial barriers and encouraging entrepreneurship, this initiative aims to unlock the potential of Ladakh’s communities while contributing to the region’s economic growth and prosperity.