<span style="color: #222222;">Manipur Chief Minister  N. Biren Singh handed over a total monetary assistance of over 5. 25 crore rupees to 272 StartUp beneficiaries at the Manipur StartUp Conclave – 2020 held today at Imphal. Those who received assistance included eight beneficiaries in StandUp category, five in Revenue Stage and 259 in Idea Stage of the scheme.<br />'' <br />'' Manipur StartUp scheme was launched in 2017-2018 to build a strong eco-system for nurturing startups with an aim to drive sustainable economic growth and generate large scale employment opportunities. Three rounds of selection of beneficiaries have been conducted so far since 2017-18 and provided benefit to 877 StartUps. A beneficiary can avail up to one crore rupees with 30 per cent subsidy depending on the scale of their business.<br />'' <br />'' The Chief Minister said, there is no dearth of talent and competence in the State. Manipur StartUp was introduced to extend assistance and encouragement to hardworking young entrepreneurs. Mr Singh said, these entrepreneurs have gained the much needed impetus in their business ever since the scheme was introduced in 2017. The Chief Minister added that he is pleased to see that many local entrepreneurs are able to enter the global platform now after receiving assistance from the State Government through the scheme.<br />'' <br />'' Expressing satisfaction about the good understanding being maintained between the Government and different banks in this regard, the Chief Minister said that it is due to this understanding that Manipur has been able to improve its economy in the past three years and a half.<br />'' <br />'' He also said that the State Government is planning to provide bank loans to around 20,000 vendors whose business had been adversely affected by the prolonged lock-down. He assured that new applications for the 4th Round of StartUp will be opened very soon.<br />'' <br />''<br />''The State cabinet ministers, MLAs, Chief Secretary and other high ranking officials of the State government attended the conclave.</span>