DIPR Manipur

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Chief Minister Distributes Subsidy Grants To 146 Beneficiaries

Published on Wed, 15 Jul, 2020 New Initiative

Imphal, July 14, 2020 (DIPR) : Hon"ble Chief Minister of Manipur Shri N Biren Singh 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 CM’s Secretariat, Babupara, Imphal. The function was organised today by Planning Department, Government of Manipur.

Speaking on the occasion, Shri N Biren Singh said that Manipur Startup scheme has benefited many educated unemployed people in the state. Benefits are being 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.

The Chief Minister further said that it is important to inform the general public about few success story on startup scheme. 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.

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.

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 that united efforts from each section of society can overcome the pandemic. Govt. 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.

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 function was attended by Minister (CAF & PD) Shri Karam Shyam, Minister (Forest & Envt) Shri Awangbow Newmai, Minister (PHED) Shri L. Dikho, Lok Sabha MP Dr. R.K. Ranjan, Rajya Sabha MP (elected) Shri Leishemba Sanajaoba, Dy Speaker Shri K. Robindro, MLAs Shri H. Dingo, Shri L. Susindro, Shri Ngamthang Haokip, Shri Vungzagin Valte, Shri Ginsuanhao, Shri O. Lukhoi, Shri S. Rajendro, Additional Chief Secretary (Planning) Dr. Rajesh Kumar among others.