City
Epaper

NULM Assam empowers self-help groups with Rs 11.73 crore seed capital, benefiting 4,257 individuals

By ANI | Updated: November 10, 2023 18:10 IST

Guwahati (Assam) [India], November 10 : The Ministry of Housing and Urban Affairs has taken a momentous step to ...

Open in App

Guwahati (Assam) [India], November 10 : The Ministry of Housing and Urban Affairs has taken a momentous step to uplift self-help groups (SHGs) in Assam engaged in food processing activities by seamlessly converging the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) with the PM Formalisation of Micro Food Processing Enterprises (PM FME) scheme of the Ministry of Food Processing Industries (MoFPI).

Under this strategic convergence, SHGs and SHG members with a minimum of one year experience in microfood processing activities in Assam are now eligible to apply for seed capital assistance at Rs 40,000 per SHG member, up to a maximum limit.

The initiative reached a pinnacle during the just-held World Food India 2023 event when Prime Minister Narendra Modi disbursed seed capital to approximately one lakh SHG members across all States and Union Territories with a single click on November 3, 2023.

The enthusiasm of SHG members from selected cities, including Guwahati, Silchar, Dibrugarh, and Tezpur, was palpable as they actively participated in the event through a video conference facilitated by the National Informatics Centre (NIC).

On the same day, an impressive amount of Rs 12.65 crore was allocated by the AIDC (Assam Industrial Development Corporation), the nodal agency for PMFME, benefiting 1,595 SHG enterprises (4,574 SHG members).

Of particular note is the swift action of NULM, Assam, which released Rs 11.73 crore to 1,551 SHG enterprises in Assam, covering 4,257 SHG members, on November 9, 2023.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalPakistan: Law enforcement nabs four suspects behind extortion threats in Karachi

EntertainmentAishwarya Rai Bachchan pays emotional tribute to father Krishnaraj Rai on birth anniversary

InternationalWashington: Shared my thoughts with experts under 'key pillars of our strategic partnership, says Ambassador Kwatra

International"United States is not participating in official talks at G20 in South Africa": White House

Other SportsT20 Tri-series: Bowlers help Zimbabwe to its biggest-ever win over a full ICC member against Sri Lanka

Business Realted Stories

BusinessIndia's scheduled commercial banks' GNPA improve 2.1 pc in Q2FY26: Report

BusinessReliance Group led by Anil Ambani distances itself from EDs asset attachments in RCOM case

BusinessIndia-Israel business ties deepen as industry leaders highlight cooperation, investment and growing opportunities

BusinessArunachal CM forms task force for NE self-reliance in dairy, fish, meat

BusinessTelangana: Nobel laureate, former RBI Guv in advisory council for ‘Vision 2047’