The State government will implement an insurance scheme to support Micro, Small and Medium Enterprises (MSME) with the government bearing up to 50% of the premium amount, Industries Minister P. Rajeeve has said.
Inaugurating the MSME day celebrations here on Tuesday, he said the entrepreneurship year initiative would continue this year too, with 4,184 new ventures launched already in the current fiscal.
The government would also provide ₹1 lakh each to 1,000 select MSMEs which had completed three years for preparing projects to scale up their operations. In the next stage, the government would provide up to ₹2 crore as capital investment.
