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Goa Government Takes Strides Towards Strengthening MSMEs and Digitized Governance



Panaji: Goa’s government has taken significant steps towards fulfilling two crucial budgetary promises, aimed at bolstering the MSME sector and driving digitized governance for the benefit of Goans. In a momentous event, three Memorandums of Understanding (MoUs) were signed today, with Chief Minister Dr. Pramod Sawant leading the proceedings.

The first MoU was signed with Paytm, a leading digital payments platform, to facilitate the digitization of various government departments. This collaboration entails deploying Paytm devices such as Electronic Data Capture (EDC) machines, swipe machines, and QR codes, along with promoting the use of the Paytm app for streamlined transactions.

The second MoU was signed with the Credit Guarantee Fund Trust for Micro and Small Enterprises, a significant step towards administering the Credit Guarantee Scheme. This scheme, known as the Goa Credit Guarantee Scheme or Mukhyamantri Saral Udyog Sahayya Yojana, aims to provide support and financial assistance to micro and small enterprises in the state.

The third MoU was signed with the Institute of Chartered Accountants, focusing on fostering cooperation and collaboration between the government and the institute. This partnership will encompass various areas, including capacity building, research, policy-making assistance, consulting services, and other related activities.

These groundbreaking collaborations mark the Goa Government’s commitment to enhancing the MSME sector and embracing digital governance for the benefit of Goans. The initiatives are poised to drive economic growth, empower local businesses, and establish a robust framework for efficient governance in the state.