Established 1994 · Srinagar, Kashmir

Financial
Sovereignty
for Kashmir

Driving economic resilience, monetary stability, and sustainable development across the Kashmir Valley through strategic investment and fiscal governance.

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MARKETS
KMF Bond Yield 7.42% ▲ 0.08 Valley Development Index 118.4 ▲ 2.1 INR/USD 83.14 ▼ 0.22 Kashmir GDP Growth 6.8% ▲ 0.4% AKMF Reserve Fund ₹48.2B ▲ 1.2B Infrastructure Bond A+ Rated Agricultural Credit Fund ₹12.4B ▲ 800M Tourism Sector Index 144.2 ▲ 8.6 KMF Bond Yield 7.42% ▲ 0.08 Valley Development Index 118.4 ▲ 2.1 INR/USD 83.14 ▼ 0.22 Kashmir GDP Growth 6.8% ▲ 0.4% AKMF Reserve Fund ₹48.2B ▲ 1.2B Infrastructure Bond A+ Rated Agricultural Credit Fund ₹12.4B ▲ 800M Tourism Sector Index 144.2 ▲ 8.6
0B+
Total Assets Under Management (₹)
0K+
Beneficiary Households
0+
Years of Economic Stewardship
0.8%
Annual Regional GDP Growth
Investment Stability Growth Governance Resilience Innovation Equity Prosperity Investment Stability Growth Governance Resilience Innovation Equity Prosperity
The Valley's Financial Anchor
Providing macroeconomic stability and fiscal oversight to ensure long-term prosperity for all people of the Kashmir Valley.
A+ Credit Rating — CRISIL 2024
Our Mandate

Built on trust,
driven by purpose

The All Kashmir Monetary Fund was established to provide macroeconomic oversight, distribute development capital, and foster financial inclusion across every district of the Valley — from Baramulla to Anantnag.

01
Monetary Stability
Maintaining regional price stability and managing monetary reserves to buffer external shocks.
02
Development Finance
Channeling capital into infrastructure, agriculture, technology, and SME sectors.
03
Financial Inclusion
Extending banking access and microcredit to underserved communities in remote areas.
Funding Programs

Capital where it
matters most

Our six core programs are designed to address the unique economic landscape of the Kashmir Valley, from rural micro-lending to large-scale infrastructure bonds.

View all programs →
◈
Infrastructure Bond Fund
Long-duration bonds financing roads, bridges, hydropower, and urban development projects with government-backed guarantees.
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⬡
Agricultural Credit Line
Seasonal and long-term credit facilities for farmers, cooperatives, and agro-processing enterprises across the Valley.
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◉
SME Growth Initiative
Subsidized lending and equity participation for small and medium enterprises in manufacturing, handicrafts, and services.
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△
Micro-Finance Network
Peer-to-peer and group lending programs extending financial services to remote villages and underbanked women entrepreneurs.
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⬖
Tourism & Hospitality Fund
Targeted investment in eco-tourism infrastructure, hotel development, and heritage site restoration to boost visitor economy.
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◈
Digital Economy Grant
Grants and seed funding for tech startups, digital infrastructure, and fintech solutions serving the Kashmiri economy.
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Publications

Research & Reports

Dec '24
Annual Economic Outlook: Kashmir Valley 2025
Annual Report · PDF 4.2MB
Oct '24
Q3 Monetary Policy Review & Reserve Assessment
Policy Brief · PDF 1.8MB
Aug '24
Agricultural Sector Credit Disbursement Analysis
Sector Report · PDF 2.1MB
Jun '24
SME Lending Impact Study 2019–2024
Impact Study · PDF 3.6MB
Mar '24
Infrastructure Bond Programme Prospectus
Prospectus · PDF 5.0MB
All publications →
Featured Publication

Kashmir Valley Economic Resilience Index 2024

Our flagship annual analysis measures economic resilience across 14 districts using 42 macroeconomic indicators. The 2024 edition reveals record growth in rural financial inclusion, infrastructure investment, and digital economy participation — alongside emerging challenges in youth employment and climate resilience financing.

Published January 2025 Download Report
Governance

Board of Directors

Our board brings together distinguished economists, policymakers, and development finance experts committed to the long-term prosperity of the Kashmir Valley.

AR
Dr. Arshad Rehman
Governor & Chairman
Former RBI Deputy Director
NB
Nafeesa Bhat
Deputy Governor
Monetary Policy & Research
TM
Tariq Mir
Director, Development Finance
World Bank Alumni
ZK
Zainab Khan
Chief Risk Officer
SEBI & IMF Trained

Partner with the AKMF
to build Kashmir's future

Institutions, governments, and investors welcome to explore partnership frameworks.

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