States » SouthPosted at: Jul 28 2020 10:14PM


Kerala announces CM’s Entrepreneurship Development Programme

Thiruvananthapuram, Jul 28 (UNI) Kerala Chief Minister Pinarayi Vijayan on Tuesday announced a 'Chief Minister's Entrepreneurship Development Programme’ to address the issues of shortage of working capital and availability of credit faced by start-ups and small entrepreneurs.
Addressing a press conference here this evening, the CM said, "The COVID pandemic has had a major impact on the state's economy creating a crisis for small entrepreneurs and start-ups. Due to the closure of trade and disruptions in the supply chain, there is a need to increase domestic production."
"New opportunities need to be created for those who have lost their jobs in various fields and for those returning from different countries and states. As a solution, the government is coming up with a new plan titled 'CM's Entrepreneurship Development Programme’. The project aims to identify 2,000 entrepreneurs per year and plans to launch 1,000 new small and medium ventures every year for the next five years, creating 5,000 new ventures," he added.
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