In a significant move to foster entrepreneurship and empower the youth of Meghalaya, Chief Minister Conrad K Sangma has launched the CM-ELEVATE program in Tura. This program is poised to make a substantial impact on the entrepreneurial landscape of the state, offering comprehensive support and financial incentives for budding business visionaries.
The CM-ELEVATE program is designed to benefit over 20,000 entrepreneurs across Meghalaya during the next 5 years. It comes with a substantial investment of ₹300 Crore, signaling the government’s commitment to nurturing business growth and innovation within the state.
“One of the standout features of the CM-ELEVATE initiative is the financial grant, which extends support of up to 75% for entrepreneurs. This grant is a remarkable boost for those with innovative ideas and aspirations to establish their own businesses, enabling them to take their first steps with confidence”.
Chief Minister Conrad K Sangma highlighted the impressive progress Meghalaya has made in recent years in becoming a leading state in terms of supporting entrepreneurs. The CM’s E-Championship program, the PRIME program, and now the CM-ELEVATE program are all integral components of this burgeoning entrepreneurial ecosystem.
These initiatives collectively aim to provide the necessary tools, resources, and support systems for aspiring entrepreneurs to turn their ideas into viable businesses. Chief Minister Sangma passionately encouraged the state’s youth to seize this opportunity and apply for the CM-ELEVATE program.
The launch of the CM-ELEVATE program reflects the government’s commitment to nurturing and harnessing the entrepreneurial potential of the state’s young and dynamic population. In the years to come, the program is poised to contribute significantly to the economic development and vitality of Meghalaya, making it a beacon for entrepreneurship and innovation in the region.
