Nagaland Official Says MSMEs Hold Key to Economic Recovery

Photo Courtesy: India Today Group

Kohima: Hekani Jakhalu, the Advisor for Industries and Commerce in Nagaland, said that strengthening micro, small and medium enterprises is the most effective way to address the state's economic challenges. During a session on the UNNATI 2024 scheme and PM Vishwakarma, Jakhalu stated that thriving local businesses could resolve 80 percent of the state's financial hurdles by creating jobs and promoting long-term growth.

Jakhalu urged legislators to increase their involvement in promoting government programs within their constituencies. She emphasized that officials need to identify genuine beneficiaries and entrepreneurs who can serve as local role models. The state is currently working with the World Bank-assisted RAMP scheme to mentor 750 high-potential businesses across the region.

The government is prioritizing sectors such as food processing, textiles, handloom, and handicrafts to drive development. Officials noted that the PMFME scheme offers significant potential for food processing, while the PM Vishwakarma initiative provides artisans with financial aid, skill training, and improved market access. Secretary for Industries and Commerce Kumar Ramnikant reported that nearly 2,000 artisans have already received training through these efforts.

Department leaders are working to integrate these traditional trades into the formal digital economy. With awareness campaigns completed in every district, the department is now focusing on improving access to technology, finance, and support systems for rural weavers and craftspeople.

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