Leh, July 5 -- Ladakh Lieutenant Governor VK Saxena, in the first meeting of the newly constituted Ladakh Pashmina Development Board (LPDB), has approved two landmark decisions that aim at strengthening Ladakh's globally renowned Pashmina industry and improving the livelihoods of Changpa pastoral communities.

According to a press release, on Saturday, LG Saxena approved a major policy - "Livestock Development Incentive Programme" - introduced for the first time, that entails a top-up incentive of 25% on the total Pashmina procurement value to herders, for enhancing local Pashmina Production. The LG also approved "Rs 8 crore Revolving Fund" to the All Changthang Pashmina Growers Cooperative Marketing Society Ltd. (ACPGCMS), for procuremen...