Meghalaya plans to empower over 20,000 entrepreneurs in 3-4 yrs

Shillong: Chief minister Conrad K Sangma has said over 20,000 entrepreneurs across diverse sectors will be empowered in the next three to four years, iterating his govt’s resolve to promote entrepreneurship.
He was speaking at the concluding session of the three-day PRIME MeghaPreneur Expo 2024 at the Polo Ground here on Saturday night.
“Our goal is to empower over 20,000 entrepreneurs within three to four years, an unprecedented feat in our state’s history.Recognising our efforts, the Government of India has awarded us as a top-performing state in the national startup awards amongst small states,” he said.
Highlighting the “substantial government” support, he announced contributions totalling approximately Rs 22.67 crore to bolster 71 entrepreneurs across various sectors.
“As a government, we firmly believe that entrepreneurship serves as the cornerstone of the economy of a nation or state. Our strategy since the inception of Meghalaya Democratic Alliance-1 has been centered on fostering entrepreneurship as the main driver of the economy and creator of employment within our state. Our mission is to acknowledge and support as many entrepreneurs as possible, thus laying the foundation for a vibrant entrepreneurial culture,” he spelt out.
“Through initiatives like CM ELEVATE, a most progressive entrepreneurship programme, we aim to provide substantial support, offering a 75% subsidy and comprehensive assistance to nurture business growth and logistical support and administrative support,” Conrad said.
“With over 5,500 entrepreneurs currently under our support, we anticipate a significant increase in the coming years,” he added.