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Chief Minister of Meghalaya Conrad K Sangma shares his business experience with aspiring entrepreneur

Conrad Sangma, the chief minister of Meghalaya, was an entrepreneur himself and shared his insights with aspiring business people on Monday at a colloquium in the city. He spoke extensively at the E-Championship Conclave about his experiences as an entrepreneur when starting his business in the IT industry in the late 1990s.

“It will be critical that we have zeal and a goal in whatever we do and work hard to achieve it. “It is my own experience and the difficulties I have faced that have inspired me to promote entrepreneurship in the state,” he emphasised.

The chief minister added that the Meghalaya Democratic Alliance (MDA) government established the Promotion and Incubation of Market Pushed Enterprise, or PRIME, initiative in 2019 with a “firm goal” of assisting the state’s prospective entrepreneurs.

“We recognised that there was a really strong desire to provide a proper environment to publicise entrepreneurship in the state and assist entrepreneurs,” he said during the start ceremony of CM’s E-Championship 2020 and on-boarding ceremony for the Cohort-2 batch of 2021.

The PRIME programme focuses on market entrance, talent development, and expertise and credit score connections for businesses. He recognised the federal government’s PRIME programme as a means for entrepreneurs to deal with a variety of challenging situations that may arise during their entrepreneurial journey.

In encouraging aspiring entrepreneurs to be innovators, he remarked, “Entrepreneurs mustn’t merely manufacture items, but additionally provide entire alternatives with correct pricing, which is the key to a prosperous company enterprise.”

Sangma also emphasised the need of being environmentally conscious in delivering business solutions that can ensure compliance with many national laws and help the state and country to meet the Sustainable Growth Targets (SDGs).

During the ceremony, the PRIME annual booklet and PRIME ID financing were also unveiled, and the CM presented checks and diplomas to the businesses.
Certificates of on-boarding and checks of Rs 1 lakh each were handed to the first 25 entrepreneurs in the Cohort-2 2021 cohort, while cheques of Rs 50,000 each were given to the next 25 entrepreneurs.