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Posted on Dec 08, 07:46PM | UNI
In order to promote entrepreneurship across Meghalaya, 14 entrepreneur financial centres (EFCs) have been set up by the state government to help and guide local youth in entepreneurship and finance.
This was informed by Meghalaya Institute of Entrepreneurship (MIE) Deputy Director General, D Vijay Kumar while addressing the 'Business Diversification Conclave 2012' for entrepreneurs and contractors here today.
"Fourteen entrepreneur financial centres have been set up in different parts of the state to extend financial and advisory support to local entrepreneurs at the grassroots-level," Mr Kumar said.
Elaborating on the nature of the centres, he said these would be facilitating marketing as well as financial support to the local entrepreneurs from the different sectors.
"We are looking for diversification by nurturing them (entrepreneurs) by understanding their problems, ideas and analyze accordingly," he added.
According to him, the initiative is to boost the flagship programmes of the state government under the Meghalaya Basin Development for sustainable livelihood.
Stating that the government is developing a financial model with banks, he said, "We have tied up with financial institutions such as MCAB, SBI, HDFC and others for providing financial support to the entrepreneurs."