SIDBI and M3M Foundation launch Swavlamplan – LEAP program in Nubra valley Diskit- Ladakh

New Delhi: To strengthen the rural economy and fostering the entrepreneurship culture in Leh district the Small Industries Development Bank of India ( SIDBI) along with M3M Foundation has partnered with Aide et Action to implement the project – Swavalamban –Llivelihood Enhancement & Awareness Program.

This project aims to train 75 youths from 13 identified villages of Leh under Nubra Valley, in 3 years to become entrepreneurs in the value chain production in Sea buckthorn products.

This project was formally launched by the hands of S.Ramann, Chairman & Managing Director, SIDBI in the presence of Lakshay Singhal, SDM-Diskit today on 14th of April 2022 at Diskit. The Counsellors of Tiger, Panamik & Hunder constituencies, village sarpanches and the potential beneficiaries from the local villages also participated in the launch ceremony.

During his address Ramann emphasized on the power of cooperatives and how the same could be beneficial for the community. Singhal (SDM Diskit) appreciated this initiative and added scope for similar initiatives for various other products available in the region.

On this launch Dr. Payal Kanodia, Trustee M3M foundation expressed that the support to this project is part of M3M foundation’s larger vision in skill India mission as part of our national program “Kaushal Sambal” and we are happy to be part of this initiative with SIDBI and our implementation partner Aide et Action.

Sajeev PB (CEO – Aide et Action India) in his vote of thanks, shared that this initiative is for the transformation of potential entrepreneurs of LEH region and with the support of community, AEA is committed to initiate more such community based interventions in the area.

(Economy India)