Govt set up initiatives to support SMEs, says CM

ITANAGAR, Nov 2: Chief Minister Pema Khandu on Friday said the state government has rolled out several initiatives to support small and medium enterprises (SME).
Addressing the gathering prior to attending the live telecast of PM Narendra Modi’s launch of the ‘MSME support and outreach programme’ from New Delhi at Dorjee Khandu State Convention Centre here, the CM said, “The state government launched the Deen Dayal Upadhyaya Swavalamban Yojana the previous year, but many entrepreneurs could not take its full advantage as the banks could not disburse loans.
“The state government has signed an MoU with the SBI this year, and hopes that the people will be able to take its benefit,” he added.
Informing that the state government has started the GeM portal to streamline government procurement, the CM said entrepreneurs willing to sell their products can now do so through the portal.
“The government cannot provide employment to all of its population, and that’s why the government is trying to support them through such initiatives,” Pema said.
The state has potential in handicrafts, handlooms and textiles products, he said, and urged local entrepreneurs to go online, “so that they can sell their products worldwide by using digital technology.”
The chief minister later distributed sanction letters for loans, yarn passbooks, letters of arrangement and certificates to some of the local entrepreneurs. (CMO)