132 Sikkim entrepreneurs receive grants under CM's new scheme

Sikkim Chief Minister Prem Singh Tamang, on August 21, rolled out the ‘Mukhyamantri Yuva Udhyamsheelta Vikas Yojna’, a scheme aimed at boosting entrepreneurship and self-employment opportunities for the state’s youth.

At the launch event, Tamang handed over cheques to 132 beneficiaries, covering 50 per cent of project costs—up to Rs 5 lakh—as grants under the scheme (Chief Minister Entrepreneurship Development Scheme).

The grants are intended to encourage young entrepreneurs to take up self-employment ventures and reduce dependence on government jobs.

“We propose to give 50 per cent of the cost of a project to the young entrepreneurs as grants,” he said.

Tamang said his government is deeply committed to nurturing this spirit of innovation in Sikkim.

“We have launched several impactful initiatives designed to empower our youth and budding entrepreneurs, including the SEED Cell, Sikkim INSPIRES, and the Skilled Youth Startup Scheme,” he added.

Tamang urged the state’s youth to foster creativity and pursue self-employment with confidence, rather than solely depending on traditional government jobs.

He also exhorted the younger generation to carry forward this legacy of bold innovation and resilience.