Why in news:

• Union territory of Jammu and Kashmir has recently announced that it plans to establish 11,000 new SHGs for women across Jammu and Kashmir.
• This announcement was made at the at the launch of ‘SAATH’, a rural women enterprise acceleration programme, at Kashmir International Conference Complex.
• Lieutenant Governor of Jammu and Kashmir recently said the goal of his administration is to make the women of Jammu and Kashmir job creators instead of job seekers, and increase the contribution of women entrepreneurs to the GDP of the Union territory.
• Under the SAATH initiative of the Jammu and Kashmir Rural Livelihoods Mission, 11,000 new self-help groups (SHGs) will be established across Jammu and Kashmir.
• SHG women entrepreneurs will be provided mentoring and handholding through intensive training and capacity building workshops for upscaling their business ventures.
• The Lieutenant Governor observed that the specifically tailored platform ‘SAATH’ will be a major contributor to the socio-economic upliftment of women in rural and semi-urban areas.
• Apart from making business ecologies thrive in rural areas, the programme will nurture existing enterprises into sustainable, high productivity ventures through skilling, mentoring and market linkages.