Punjab government has signed an agreement with the Global Alliance for Mass Entrepreneurship (GAME) to improve 'ease of doing business' for MSMEs in the state under Omidyar Network India's 'ReSolve Initiative'.
The ReSolve Initiative focuses on providing funding support for lighthouse projects that are creating solutions to empower micro, small and medium enterprises (MSMEs) as well as migrant workers.
"Punjab is home to 2.59 lakh MSMEs that employ a total of 20.29 lakh employees. The onset of COVID-19 has exposed vulnerabilities that hamper the operations of MSMEs, and a concerted effort to support them is required,"
GAME said in a release. GAME is an alliance of organisations committed to creating an entrepreneurial movement in India that results in 10 million new entrepreneurs—half of them women—who will create 50 million livelihoods by 2030.