Nirmala Sitharaman addresses Credit Outreach Programme in Leh
On 15 June 2025 in Leh, Ladakh, Finance Minister Nirmala Sitharaman addressed a Credit Outreach Programme focused on last-mile credit.
Summary
Nirmala Sitharaman, Union Finance Minister, addressed a Credit Outreach Programme in Leh, Ladakh on 15 June 2025, where loan sanctions of over ₹5.13 crore were disbursed under MUDRA, PMEGP, Stand-Up India and PM Vishwakarma. She said over 64,000 MUDRA loans and more than 600 Stand-Up India loans have been sanctioned in Ladakh, with a significant share in Leh district. She noted that Ladakh now has over 500 banking touchpoints. Sitharaman also cited the recognition of local languages under the Ladakh Official Languages Regulation and the first cluster university in the region, the University of Ladakh, inaugurated in 2019.
Key facts
- Date and place
- 15 June 2025, Leh, Ladakh
- Sanctions at event
- Over ₹5.13 crore
- Schemes
- MUDRA, PMEGP, Stand-Up India, PM Vishwakarma
- Ladakh totals
- 64,000+ MUDRA loans; 600+ Stand-Up India loans
- Banking network
- 500+ banking touchpoints
Practice MCQs 2 questions
Where did Finance Minister Nirmala Sitharaman address a Credit Outreach Programme on 15 June 2025?
Show answer
Correct answer: A — Leh
PIB (Finance): Sitharaman addressed a Credit Outreach Programme in Leh, Ladakh.
Consider the following statements about the Credit Outreach Programme in Leh on 15 June 2025: 1. Over 64,000 MUDRA loans have been sanctioned in Ladakh. 2. Ladakh has fewer than 100 banking touchpoints. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
PIB (Finance): over 64,000 MUDRA loans have been sanctioned in Ladakh, so 1 is correct. Statement 2 is wrong because Ladakh has over 500 banking touchpoints. So the answer is 1 only.