Biren distributes subsidy grant of Rs 1.50 lakh each to 146 beneficiaries

Imphal: Chief minister of Manipur, N Biren Singh on Tuesday handed over subsidy grant of Rs 1.50 lakh each (1st instalment) under Idea stage Start Up to 146 beneficiaries for the Manipur Startup round II at the chief minister’s secretariat in Imphal.

The function was organised by planning department.

Biren said Manipur Startup scheme has benefited many educated unemployed people in the state. Benefits are being to provided selected individuals who have the vision for establishing their own business but are not financially sound. The selected people were provided training and only those who have sucessfully completed their training were given subsidy grant by the government.

It is important to inform the general public about few success story on startup scheme, he added.

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, Medilane Health Care’s annual sales transaction was Rs 4.17 crore per annum. The state hired ambulance from Medilane related to covid-19.
Under the startup scheme, different companies has 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, Biren  said.

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, he added.

Speaking on Covid-19, he said united efforts from each section of society can overcome the pandemic. Government has increased testing capacity at 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.

The CM attributed the rapid growth of businesses in Manipur to government’s aggressive push for business and entrepreneurship under the Start-up scheme.

The funcation was attended by minister (CAF & PD) Karam Shyam, minister (forest and environment) Awangbow Newmai, minister (PHED) L. Dikho, Lok Sabha MP Dr R.K. Ranjan, Rajya Sabha MP (elected) Leishemba Sanajaoba, Dy Speaker K. Robindro, MLAs H. Dingo, L. Susindro, Ngamthang Haokip, Vungzagin Valte, Ginsuanhao, O. Lukhoi, S. Rajendro, additional cgief secretary (planning) Dr Rajesh Kumar among others.

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