North-Eastern Hill University (NEHU) organised a discussion with its faculty and students on the MSME Idea Contest 2.0 in the presence of MSME and central government authorities.
Prof Ambika Pati, Dean of SEMIS, served as the programme’s coordinator and emphasised that entrepreneurs are the cornerstones of the social change that India hopes to achieve. Their work will lay the groundwork for a New India, fill in the gaps in the services needed by the indigenous people of the North East, and serve as a foundation for building a strong India’s economy.
Speakers highlighted the various initiatives of the Union Ministry of Micro, Small, and Medium Enterprises to empower MSMEs and Indian citizens and urged the audience to don their thinking caps and come up with novel solutions while searching for local fixes to local issues.
NEHU Vice-Chancellor Prof PS Shukla emphasised the significance of the North East for their distinct needs in skill-based training based on local industry, trades, and natural resources. He focused on resource-based businesses like tea, coal, jute, forest goods and certain small-scale domestic industries like handicrafts and looms with success stories of local businesspeople.
The government officials had earlier stated that MSMEs had a significant role to play in Atmanirbhar Bharat and that these programmes will promote the latent creativity of the industry while assisting business owners in creating new initiatives. According to an official statement, the Union Ministry of MSME has launched a number of initiatives to encourage innovation, creativity, and entrepreneurship. Selected ideas will receive funding support for nurturing and development of the idea up to Rs 15 lakh per approved idea through the host institutes selected by them for the MSME Idea Hackathon 2.0.
