Shillong, June 19: The Meghalaya Industrial Development Corporation Ltd. (MIDC) has announced the inauguration of the Business Facilitation Centre (BFC), a specialized initiative designed to improve and ease the way of doing business for both existing and prospective entrepreneurs in Meghalaya.

This centre aims to streamline business operations and provide comprehensive support to foster economic growth in the region.

The BFC will primarily focus on following key areas:
Collection of Lease Agreements: A dedicated team will manage the collection of lease agreements across all industrial estates administered by MIDC in Byrnihat, Umian, and Mendipathar. This initiative will ensure timely and efficient handling of lease-related matters, thereby enhancing the operational efficiency of businesses operating in these estates.

CIBIL Score Report Generation: Entrepreneurs applying under the CM-ELEVATE can now benefit from the generation of CIBIL score reports at the BFC. This service will provide critical credit information, facilitating better access to financial resources thereby ensuring faster loan processing with various banks.

Financial Literacy and Education: The BFC will also provide capacity-building programs focusing on financial literacy and education. These programs are designed to equip entrepreneurs with the knowledge and skills needed to manage their finances effectively and make informed business decisions.

James P K Sangma, Chairman of MIDC, expressed his enthusiasm for the new initiative, stating, “The Business Facilitation Centre represents a significant step forward in our commitment to fostering a business-friendly environment in Meghalaya. By offering targeted support services, we aim to empower entrepreneurs and drive economic development in the state.”

Echoing this sentiment, D D Nongmalieh, Managing Director of MIDC, added, “Our goal is to create a seamless experience for businesses at every stage of their journey. The BFC is a testament to our dedication to enhancing the ease of doing business in Meghalaya, and we are confident that it will be a valuable resource for our entrepreneurial community.”

Also Read: Meghalaya Govt empowers DCs to finalise roster system at district level

Also Watch

Find latest news from every corner of Northeast India at hubnetwork.in, your online source for breaking news, video coverage.

Also, Follow us on-

Twitter-twitter.com/nemediahub

Youtube channel- www.youtube.com/@NortheastMediaHub2020

Instagram- www.instagram.com/ne_media_hub