J-K CM asks NABARD to provide more funds for handicraft sector

Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed today asked development bank NABARD to pool in more finances in the revenue-generating horticulture and handicraft sectors, which form the backbone of state's rural economy.
"It was our handicraft industry, in particular carpet weaving, paper machine and wood work, that resuscitated our economy during the years of turbulence," Sayeed told Nabard Chairman Harsh Kumar Bhanwala, who called on the Chief Minister here.
Sayeed also sought NABARD's active support in creation of productive assets and broadening the scope of technical cooperation in skill development projects.
Placing high priority on fully utilising funds allocated under NABARD schemes, Sayeed said both horticulture and handicraft sectors require a stimulus package to realize its full potential.

He sought financial support from NABARD to lift the sectors by funding MIS (Market Intervention Scheme) as well as weather-based crop insurance for artisans, farmers and fruit growers.
On the issue of imparting skills to youth to enhance their employability, the Chief Minister asked NABARD to sponsor two Skill Training Centres for Excellence, one each in Jammu and Kashmir Divisions.
Sayeed evinced keen interest on the new UN framework for funding of climate change projects for which NABARD, amongst others, has been accredited by the global body as the only agency from South East Asia.
He urged Chairman NABARD to explore possibility of funding projects up to Rs 100 to 150 crore in afforestation, flood protection and livelihood, keeping in view the adverse impact of climate change that saw J&K witness last year one of the worst floods in its history.