Assam Chief Minister Himanta Biswa Sarma on Saturday unveiled self-employment scheme, the Mukhyamantri Atmanirbhar Asom Abhijan, aimed at empowering the state’s youth and fostering entrepreneurship.
Assam CM Unveils Self-Employment Scheme For Youth
While speaking at the launch of the Mukhyamantri Swaniyojan Abhiyan Registration Portal, CM Sarma outlined the key aspects of the scheme.
The scheme, divided into two parts, chiefly targets educated youth with degrees in various fields, including engineering, agriculture, veterinary science, fisheries, and dental studies, who aspire to embark on entrepreneurial ventures.
CM Sarma explained that eligible candidates would receive financial assistance in the following manner:
Each candidate will receive Rs 5 lakh, disbursed in two installments. The first installment of Rs 2.5 lakh will be provided upfront, followed by a second Rs 2.5 lakh installment after a third-party assessment.
The first Rs 2.5 lakh is non-repayable, constituting a government subsidy. The remaining Rs 2.5 lakh is also interest-free and refundable but not due for repayment until five years have elapsed. Recipients will repay the government through monthly EMIs of Rs 5,000 after the initial five-year period.