MSMEPCI's Initiatives to Boost Nagaland's Economy with Job Creation and Financial Schemes

The Micro Small and Medium Enterprise Promotion Council of India (MSMEPCI) plans to launch Retail Trading Guarantee Scheme (RTGS) and Kisan Trading Guarantee Scheme (KTGS) to help disadvantaged traders and farmers in Nagaland. The council aims to create 10,000 jobs this year, with RTGS starting on September 15.

The Micro Small and Medium Enterprise Promotion Council of India (MSMEPCI) is set to bolster Nagaland's economic landscape by launching two significant financial schemes, the Retail Trading Guarantee Scheme (RTGS) and the Kisan Trading Guarantee Scheme (KTGS). These initiatives aim to provide substantial financial assistance to traders and farmers.

Announcing the schemes, MSMEPCI Chairman Pradeep Mishra Sarkar said RTGS would be launched on September 15, targeting local traders to improve their economic standing. The KTGS will provide Minimum Support Price (MSP) rates directly to local farmers, ensuring financial stability.

The organization has set an ambitious goal of generating 10,000 jobs in Nagaland within the year. By next year, MSMEPCI aims to create employment for approximately 25,000 people, in collaboration with state and central government efforts. This mission is part of a larger initiative to support MSMEs through advocacy, knowledge dissemination, and strategic collaboration.

(With inputs from agencies.)