Madhya Pradesh government provided assistance of Rs 169.57 crore to 257 MSME units. Industry development is being promoted with grants to startups and land allotment to entrepreneurs.
Bhopal. Chief Minister Dr. Mohan Yadav said that Madhya Pradesh is among the top three states of the country with the most powerful, economically strong and better financial management. The state government is providing all possible support and guidance to the entrepreneurs to take them forward. He said that the state is completely open for investment and investors are being welcomed with industry-friendly policies.
Incentive amount of Rs 169.57 crore released to MSME sector
In the program organized under the theme “Samarth MSME Vikas Madhya Pradesh”, the Chief Minister transferred incentive amount of more than Rs 169.57 crore to the accounts of more than 257 MSME units through a single click. This program was organized at the Chief Minister’s residence, in which a large number of entrepreneurs and startup representatives participated.
Grants to startups and allocation of new land to industries
On this occasion, the Chief Minister also released the first installment of grant amount of about Rs 28 lakh to startups. Also, allotment letters of industrial land were provided to three entrepreneurs from Betul and Agar-Malwa. Benefit distribution was also done under the Chief Minister Udyam Kranti Yojana.
Emphasis on transparency and simple processes in industry development
The Chief Minister said that the state government is simplifying capital, land and procedures for entrepreneurs. Digital systems like single click transfer are the epitome of transparency and speed. He said that even at the time of March closing, the government is providing financial assistance to entrepreneurs, which is a sign of a positive beginning of the new financial year.
Importance of the program organized on the occasion of Mahavir Jayanti
The Chief Minister said that this event took place on the auspicious occasion of Mahavir Jayanti, which reflects the principles of public welfare and purity. The state government is continuously taking new initiatives to promote industry and trade.
India’s strong economy under the leadership of Prime Minister
The Chief Minister said that even in the current global circumstances, India is moving towards security and progress under the leadership of the Prime Minister. He said that despite the problems of petrol, diesel and gas in many countries, their prices have remained controlled in India, which is the result of strong policies.
Boom in industry, employment and startup in the state
Micro, Small and Medium Enterprises Minister Chaitanya Kumar Kashyap said that under the leadership of the Chief Minister, there is rapid development in the field of industry, trade and employment in the state. Principal Secretary Raghavendra Kumar Singh said that development work is going on in 25 industrial areas in the state and 6 new industrial areas are being developed.
Madhya Pradesh is becoming a major startup hub
He informed that at present more than 7100 startups are registered in the state. Due to the digital and transparent system, the land allotment process has speeded up and Madhya Pradesh is emerging among the major startup states of the country.