CM N Biren Singh handing over a cheque of Rs 1.50 lakh to a beneficiary Credit: DIPR

Imphal: As part of the Manipur government’s efforts to support the entrepreneurs, chief minister N Biren Singh on Tuesday handed over subsidy grant of Rs 1.5 lakh each to at least 146 beneficiaries at CM’s Secretariat in Imphal.

This is the first instalment being given to the selected entrepreneurs and firms under Idea Stage Start-up for the Manipur Start-up round second by the planning department.

According to Singh, the subsidy given to those beneficiaries will help in promoting the state’s economy to certain extent. The people of Manipur should have sense of responsibility only then a peaceful society can prevail in the state.

Within a span of three years, law and order situation has improved considerably which has been possible with the cooperation and support of the people. For a good state, sincerity and transparency are necessary, Singh said.

146 beneficiaries received the subsidy grant of Rs 1.50 lakh

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As per an official report, benefits are being provided to selected individuals who have the vision for establishing their own business but are not financially sound. And the selected people were provided training and only those who have successfully completed their training were given subsidy grant by the government.

While attributed the rapid growth of businesses in Manipur to government’s aggressive push for business and entrepreneurship under the Start-up scheme, Singh further stated that Manipur Startup scheme has benefited many educated unemployed people in the state so far.

Speaking on the occasion, Singh also said that it is important to inform the general public about few success stories on startup scheme.

As informed by the chief minister, HT industry Loktak began their activities with Rs 2.81 crore as rolling money annually. However, the firm could transact Rs 9.65 crore annually after getting loan/grant from the government. Similarly, M/S Medilane Health Care’s annual sales transaction was Rs 4.17 crore per annum. The state hired ambulance from Medilane related to COVID-19.

The benefits are being provided to selected individuals

Also Read: How the new start-up policy will benefit Naga women entrepreneurs

Under the startup scheme, different companies have so far provided direct employment to more than a thousand. Customer outreach which was earlier 70,000 has now reached 1.96 lakh. On revenue, which was previously Rs 7.41 crore now has enhanced to Rs 24.60 crore, it said.

In terms of COVID-19, Singh acknowledged the importance of public participation and said that united efforts from each section of society can overcome the pandemic.

Government has increase testing capacity in RIMS and JNIMS, all the pending cases have been tested and there is no more overlapping in quarantine centres. New returnees will be tested as per SOP and they will get their results on time, he added.

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