Chief Minister (CM) of Arunachal Pradesh Pema Khandu on Friday participated in the live telecast of Prime Minister Narendra Modi’s launch of Micro, Small and Medium Enterprises (MSME) ‘Support and Outreach’ programme telecasted live from New Delhi at the Dorjee Khandu State Convention Centre in Itanagar.
Earlier, the CM in his address said that the State Government has rolled out several schemes to support Small and Medium Enterprises (SMEs). He further stated that the State Government had launched the Deen Dayal Upadhyaya Swavalamban Yojana (DDUSY) in 2017, but many entrepreneurs could not take full advantage of it as the banks could not disburse loans.
Khandu stated that the State Government this year has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) and hoped that the people will be able to benefit from it. He further informed that the State Government has started the Government e-Marketplace (GeM) portal to streamline the Government procurement and added that the entrepreneurs willing to sell their products can do so through this portal.
“The Government alone cannot provide employment to all of its population and that’s why it is trying to support them through such initiatives,” Khandu remarked. Further asserting that the State has potential in handicrafts, handlooms and textiles products, he urged the local entrepreneurs to use digital technology in their business by going online so that they can sell their product worldwide. The CM later distributed sanction letter for loans, yarn passbooks, letter of arrangements, and certificates to some of the local entrepreneurs.