LEH, July 5 -- Lieutenant Governor, Shri Vinai Kumar Saxena, in the first meeting of the newly constituted Ladakh Pashmina Development Board (LPDB), has approved two landmark decisions aimed at strengthening Ladakh's globally renowned Pashmina industry and improving the livelihoods of Changpa pastoral communities.
On Saturday, Shri 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 L-G also approved "Rs 8 crore Revolving Fund" to the All Changthang Pashmina Growers Cooperative Marketing Society Ltd. (ACPGCMS), for procurement of raw Pashmina from t...