Religious, Tourism, and Merchant Delegation Calls on Hon’ble CEC, LAHDC Leh to Extend Gratitude for Push Towards Ladakh Development Finance Corporation

Press Release

Religious, Tourism, and Merchant Delegation Calls on Hon’ble CEC, LAHDC Leh to Extend Gratitude for Push Towards Ladakh Development Finance Corporation

Leh, May 13, 2025

Hon’ble Chairman/CEC, LAHDC Leh, Adv. Tashi Gyalson was called on by a delegation comprising representatives from religious bodies, tourism stakeholders, and the merchant association, in the presence of Hon’ble Councillors Ishey Spalzang, Thinles Nurboo and Dr. Morup Dorjey.

The delegation included President of Ladakh Buddhist Association (LBA), President of Anjuman Imamia, President of Anjuman Moin-ul-Islam, President of All Ladakh Hotel and Guest House Association (ALHGHA), President of ALTA, President and Vice President of the Merchant Association, and BJP Sham District President Konchok Ishey Stak, along with several hoteliers.

The purpose of the meeting was to extend heartfelt gratitude to Hon’ble CEC Adv. Tashi Gyalson for his visionary leadership and bold intervention in the long-pending and widely supported demand for the establishment of the Ladakh Development Finance Corporation (LDFC).

Additionally, the delegation put forth the demand for the establishment of the Ladakh Development Finance Corporation (LDFC) under Section 3 of the State Financial Corporations Act, 1951, and sought the immediate separation of Ladakh’s financial structure from the Joint Finance Corporation with Jammu & Kashmir. They highlighted the lack of financial autonomy, issues in administrative control, and the need for dedicated institutional mechanisms to serve Ladakh’s interests effectively.

The Hon’ble Chairman/CEC assured the delegation that the matter would be taken up with Hon’ble Lieutenant Governor, UT Ladakh and other the concerned authorities for necessary action.