HT Correspondent
DIMAPUR, March 10: Nagaland chief minister Neiphiu Rio on Tuesday said, a total of 48,655 enterprises have been registered on the Udyam portal in the state.
Of these, 48,464 are micro enterprises, most of which fall under nano enterprises with a turnover below Rs 25 lakh, while 175 are small enterprises and 16 are medium enterprises, he said.
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During the discussion on the critical role of MSMEs in improving Nagaland’s economy on the fourth day of the 8th session of the 14th Nagaland assembly in Kohima, Rio highlighted the steady expansion of the MSME sector and the various initiatives undertaken by the government to promote enterprise development in the state.
He said under the chief minister’s micro finance initiative (CMMFI), 777 MSME units have been established since its inception, generating investments of over Rs 65 crore through government subsidy support and credit linkages.
He said these enterprises, mainly in transport services, retail trade, hospitality and small manufacturing are expected to create more than 1,500 direct employment opportunities across the state.
Rio also said 13 MSME development projects are currently under implementation, while 15 additional projects have been submitted to the Union ministry of MSME for approval.
These projects aim to strengthen industrial infrastructure and promote cluster-based development to improve productivity and competitiveness, he added.
Under the Prime Minister’s Employment Generation Programme (PMEGP), he said the target for the financial year 2025-26 is 454 projects, of which 66 have already been sanctioned by banks.
Over the past five years, 3,715 beneficiaries have been supported through the scheme.
Rio further said the state is also implementing programmes such as the RAMP (Raising and Accelerating MSME Performance) initiative to enhance MSME competitiveness through capacity building, registration drives and buyer-seller meets. Additionally, he said the PM Vishwakarma Scheme has received over 25,000 artisan applications and training and financial assistance is being provided.
