Shillong: Meghalaya Chief Minister Conrad K. Sangma has announced that his government has embarked on a mission to provide financial support to 20,000 plus entrepreneurs under CM-Elevate.
“As a government, we believe that an economy of a nation, state can only be driven with entrepreneurship and private sector,” Sangma said while addressing at the PRIME MeghaPreneur Expo in Shillong.
The government’s role is primarily to create the ecosystem, to provide the policies, incentives and infrastructure and a system for entrepreneurship to thrive, the Chief Minister said.
“We have a clear-cut strategy, we have been stressing on entrepreneurship as the main driver and creator of employment in the State,” Sangma said.
Handing over the first batch of cheques to individual entrepreneurs, collectives and village organisations, the CM said his government wants to create a culture of entrepreneurship.
“We want our youth to take risks and harp on opportunities that are available within the State,” he said, adding, “As a state, we will continue to celebrate the spirit of entrepreneurship.”
Terming CM-Elevate as the most aggressive entrepreneurship programme in India, the CM informed that the government is allowing the youth to come up with any kind of proposal under the scheme.
“As a government, we will support the proposals with up to 75 per cent subsidy and aid them with all the logistical, administrative and intellectual support to ensure that their businesses flourish,” Sangma said.
He said in the next 3-4 years, the government will support close to about 20,000 plus entrepreneurs for different businesses in the State. He also said that the government has earmarked Rs 300 crore for the scheme.
“The larger idea of this scheme is to ensure that our youth are not dependent on merely government jobs but can look for opportunities in private sectors. Promoting entrepreneurship will also enable job creation in the private sector,” he added.
