"It was our handicraft industry, in particular carpet weaving, paper machine and wood work, that resuscitated our economy during the years of turbulence," Sayeed told Nabard Chairman Harsh Kumar Bhanwala, who called on the Chief Minister here.
Sayeed also sought NABARD's active support in creation of productive assets and broadening the scope of technical cooperation in skill development projects.
Placing high priority on fully utilising funds allocated under NABARD schemes, Sayeed said both horticulture and handicraft sectors require a stimulus package to realize its full potential.
On the issue of imparting skills to youth to enhance their employability, the Chief Minister asked NABARD to sponsor two Skill Training Centres for Excellence, one each in Jammu and Kashmir Divisions.
Sayeed evinced keen interest on the new UN framework for funding of climate change projects for which NABARD, amongst others, has been accredited by the global body as the only agency from South East Asia.
He urged Chairman NABARD to explore possibility of funding projects up to Rs 100 to 150 crore in afforestation, flood protection and livelihood, keeping in view the adverse impact of climate change that saw J&K witness last year one of the worst floods in its history.