The National Chairman of the MSME Promotion Council India (MSME PCI), Pradeep Mishra Sarkar, has announced the introduction of two significant initiatives—the Retail Trading Guarantee Scheme and the Kisan Trading Guarantee Scheme—scheduled for launch between September and October this year. These programs are specifically designed to provide financial assistance to disadvantaged traders and farmers who have faced challenges in doubling their income.
Speaking at an orientation and interaction programme on MSMEs in Kohima today, Sarkar revealed that as part of the Council’s 100-day program, MSME PCI plans to generate employment for approximately 25,000 people across Nagaland within the next year.
Emphasizing the potential in Nagaland, he stated that MSME PCI, in collaboration with both state and central governments, will work “shoulder to shoulder” to create greater awareness about the various schemes already in place. The Council has resolved that “there should be employment in every household and every hand.”
The MSME PCI Mokokchung Unit members present at the program included N Bendangnukshi, Chairman; Imnayanger Jamir, Vice Chairman; Supongyanger, Vice Chairman; Bendangwabang Ajem, Vice Chairman; and Sentitola Jamir, Vice Chairman. The program was held at Hotel De-Oriental Grand, Kohima.
‘Industrial development in Nagaland showing promising growth’
Meanwhile, speaking at the event as chief guest, Advisor, Industries and Commerce, Hekani Jakhalu said industrial development in Nagaland, while still in its early stages, has shown promising growth.
The Advisor noted that growth rate of the industrial sector in the state has surged from 2.83 percent in 2012-13 to 12.8 percent in 2022-23. This remarkable progress highlights potential for further development, she added. The Advisor said the biggest challenge facing the sector is that it is not formalized.
Speaking on the Centre’s Raising and Accelerating MSME Performance (RAMP) programme, Jakhalu said the programme will help formalize MSMEs in the state, promote made-in-Nagaland products, and facilitate interaction between entrepreneurs and technical experts, among others.
Nagaland Chief Minister Neiphiu Rio is set to officially launch the RAMP programme tomorrow at Nagaland Legislative Assembly Secretariat, Thizama.