Nagaland registers 48,655 enterprises through Udyam: Neiphiu Rio

Dimapur: Nagaland CM Neiphiu Rio on Tuesday said as of March 9, a total of 48,655 enterprises have been registered on the Udyam portal in the state.Of these, 48,464 are micro enterprises, most of which fall under nano enterprises with a turnover below Rs 25 lakh, while 175 are small enterprises and 16 are medium enterprises, he said.Speaking during a discussion on the critical role of MSMEs in improving Nagaland’s economy on the fourth day of the 8th session of the 14th Nagaland assembly in Kohima, Rio highlighted the steady expansion of the MSME sector and various govt initiatives to promote enterprise development in the state. He said under the CM’s Micro Finance Initiative (CMMFI), 777 MSME units have been established since its inception, generating investments of over Rs 65 crore through govt subsidy support and credit linkages.

These enterprises, mainly in transport services, retail trade, hospitality, and small manufacturing, are expected to create more than 1,500 direct employment opportunities across the state, he added.Rio also said 13 MSME development projects are currently under implementation, while 15 additional projects have been submitted to the Union Ministry of MSME for approval.