IMPHAL, November 10: A convenient market is essential for entrepreneurs to sell their finished products and they should have a grasp of the types of demands from their customers for upliftment of local entrepreneurship and the state. In relation to these aspects and under the detailed plan of the KVIC, the exhibition is being organized to showcase their product and reap benefit, said minister of industries Govindas Konthoujam.
He was speaking at the closing function of the 10 days long state-level Prime Minister’s Employment Generation Program (PMEGP) Exhibition at Gandhi Memorial Hall which was organized by the Manipur Khadi and Village Industries Board, Lamphelpat.
Govindas Konthoujam continued that between the beneficiaries, bank and KVI, a chain reaction is required for stronger bonding. Any amount of loan which is sanctioned by bank should be repaid to confer a trust upon KVI to provide more loans to the beneficiary in the future, he added.
Apparently, most of the beneficiaries did not repay their loans collected from the bank which make the bank lose confidence in sanctioning loans which will be a great loss for the loanees, he stated.
He further said that to make repaying loans easier for the PMEGP beneficiaries, the department have decided to give the loans in smaller amounts and also to confer a trust to the banks.
As compared to the previous years, this year’s exhibition has earned more income as a total amount of around Rs 17, 07,783 was transacted which is a great achievement of the KVI as well as the efforts of the PMEGP beneficiaries.
Principal Secretary, commerce and industries, O Nabakishore Singh asserted that by the coming of Look East Policy and the international flights, the state will become a commercial hub. Everyone must grab the opportunity by engaging in their fields of expertise or start up new enterprises without wasting time, he stated.
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