The correct answer is: d) All of the above
Meghalaya Industrial Development Corporation (MIDC) is a state government undertaking established in 1976 to promote industrial development in Meghalaya. MIDC plays a role in developing industrial estates, providing finance to industries, and promoting entrepreneurship.
MIDC develops industrial estates by acquiring land, developing infrastructure, and providing facilities to industries. MIDC also provides finance to industries through loans and grants. MIDC promotes entrepreneurship by providing training and support to entrepreneurs.
MIDC has played a significant role in the development of the industrial sector in Meghalaya. MIDC has developed several industrial estates, provided finance to many industries, and promoted entrepreneurship. As a result of MIDC’s efforts, the industrial sector in Meghalaya has grown significantly in recent years.
Here are some details about each of the options:
- Developing industrial estates: MIDC acquires land, develops infrastructure, and provides facilities to industries. MIDC has developed several industrial estates in Meghalaya, including the Shillong Industrial Estate, the Tura Industrial Estate, and the Jowai Industrial Estate. These industrial estates provide infrastructure such as roads, water, electricity, and drainage. They also provide facilities such as common effluent treatment plants, warehouses, and office space.
- Providing finance to industries: MIDC provides finance to industries through loans and grants. MIDC has a loan scheme for small and medium enterprises (SMEs) and a grant scheme for start-ups. The loan scheme provides loans at a concessional rate of interest. The grant scheme provides grants to start-ups to cover their initial expenses.
- Promoting entrepreneurship: MIDC promotes entrepreneurship by providing training and support to entrepreneurs. MIDC organizes training programs on entrepreneurship and provides support to entrepreneurs in the form of mentoring, networking, and access to finance.
MIDC’s efforts have been successful in promoting industrial development in Meghalaya. The industrial sector in Meghalaya has grown significantly in recent years. This growth has created jobs and contributed to the state’s economy.