City
Epaper

Assam CM launches 'Atmanirbhar Asom' initiative; 2L youth to get financial assistance 

By IANS | Updated: September 23, 2023 23:25 IST

Guwahati, Sep 23 In a bid to boost self-employment in Assam, the state government has launched an ambitious ...

Open in App

Guwahati, Sep 23 In a bid to boost self-employment in Assam, the state government has launched an ambitious 'Atmanirbhar Asom' initiative on Saturday. 

An official statement mentioned that under the scheme, financial aid will be given to 2 lakh youth for creating a robust entrepreneurial ecosystem.

This scheme aims at facilitating self-employment among educated youth, creating an entrepreneur-oriented ecosystem in the state, generating employment via new ventures, financial assistance to individuals to set up or expand existing enterprises, increasing focus on the rural economy etc.

Speaking on the occasion, Chief Minister Himanta Biswa Sarma asserted that the scheme has been designed to create self-employment avenues in the state to enable the youth to fuel development of the state.

He also said that the latest initiative has the potential to strengthen the rural economy.

"The unemployed degree holders in engineering, MBBS, BDS, agriculture, animal husbandry, fishery etc will be kept in the first category and will be given Rs 5 lakh. On the other hand unemployed post graduates, general graduates, ITI, polytechnic pass-outs will be kept in the second category for government assistance of Rs 2 lakh," the Chief Minister said.

He also mentioned that in the first category out of Rs 5 lakh, the beneficiaries will have to return Rs 2.5 lakh without any interest and the remaining amount will be government assistance.

"Similarly, in the second category, Rs 1 lakh will be government subsidy and remaining Rs 1 lakh will have to be paid back by the beneficiary without any interest," Sarma added.

According to him, the targeted sectors will be agriculture and horticulture, stationery, poultry, dairy, goat farming, piggery, fisheries, packaging, readymade garments, fabrication, plantation -- bamboo, rubber, agar etc, wood-based industries etc.

One member from one family each shall be eligible for the scheme and the applicant will be registered with the employment exchange.

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

BusinessAuto sector demand in India weak across segments except tractors: Report

TennisCincinnati Open: Sinner-Alcaraz set to deliver yet another high-octane clash

EntertainmentJames Bond 007 logo designer Joe Caroff passes away at 103

NationalFive electrocuted to death during Rath yatra in Hyderabad

International'Embarrassment for the United States': Democrat Senator on Trump-Putin meeting

National Realted Stories

NationalChinese Foreign Minister Wang Yi to arrive in India today for key talks with EAM Jaishankar, NSA Doval amid Trump tariffs

NationalAIMIM chief Owaisi hits out at Centre on SIR issue, Waqf Act & 'restoring statehood' in Puducherry

NationalNTK leader Seeman walks off stage amid chaos in TN‘s Villupuram protest meeting

NationalPolitics heats up in Odisha over alleged video of Puri victim circulating on social media

NationalBengal: Police claim 'violent movement' planned for Monday in the name of march to SSC office