The Meghalaya government has decided to support over 20,000 businesses under the newly launched flagship programme 'Chief Minister's ELEVATE', in the next five years.
Announcing this while delivering his Independence Day speech on Tuesday, Chief Minister Conrad K Sangma said the program will be a single window for all business needs of the entrepreneurs.
Under this programme, the government will provide support to the tune of 35 to 75 per cent to individual entrepreneurs, collectives, village organizations and traditional institutions to take up businesses.
"The government will provide the subsidy and complete handholding support to businesses in collaboration with the banks. We target to support about 20,000 businesses under this program in the next five years," he said.
This initiative covers the procurement of agriculture vehicles including mini trucks and refer vans, tourism vehicles including caravans, luxury cars, electric cars and minibuses, construction of warehouses, common facility centres, green tourism villas, building of poly houses for horticulture, and the setting up of piggery, poultry, goatery and dairy units.
Projects like the construction of cinema halls, health clubs, music studios, Sports and youth engagement-related businesses can all be taken up under the CM- ELEVATE programme.
