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After violent clashes in Leh killed four and halted tourism, Ladakh's businesses seek urgent financial relief to avoid collapse.
Following violent clashes in Leh on September 24 that killed four and triggered a curfew and internet blackout, tourism stakeholders in Ladakh are urging the Union Territory-level bankers committee to provide urgent financial relief.
The unrest, linked to protests over statehood and constitutional status, has crippled tourism—already weak during this season—threatening over 70% of local livelihoods.
Hoteliers, tour operators, and transporters are requesting interest-free loan moratoriums, restructuring, and interest subvention for 12 months, along with protection from CIBIL downgrades and non-performing asset classification to ensure continued credit access.
Despite prior RBI relief designations, they warn that without swift, comprehensive support, widespread business closures and long-term economic damage are likely as winter sets in.
Después de los violentos enfrentamientos en Leh mataron a cuatro y detuvieron el turismo, los negocios de Ladakh buscan ayuda financiera urgente para evitar el colapso.