Assam: The state government on Monday while presenting the Budget announced that it will provide an entrepreneurship fund of Rs. 10,000 to each one of 39,67,743 women members of Self-Help Groups in the rural areas, subject to certain conditions, throughout the state.
The funds will be provided under the “Mukhya Mantri Mahila Udyamita Abhiyaan”, an ambitious mission aimed at promoting the entrepreneurial spirit of our women.
Assam Finance Minister Ajanta Neog said, “Our Government’s twin objectives are to strengthen the income of our women entrepreneurs and also to establish them as business entrepreneurs in Amrit Kaal.”
“Once they avail of this benefit, we commit to facilitate a bank loan of a minimum of Rs. 25,000 to each beneficiary. Furthermore, upon the prudent utilization and timely repayment of the loan amount, a capital subsidy of Rs. 12,500 will be provided to the beneficiary,” Neog said.
“Thus, each beneficiary would get a minimum of Rs. 47,500 as a grant, subsidy, and loan together. The distribution of application forms to the SHG members for availing the same has already been started. I am glad to announce that we shall extend the implementation of this scheme in urban areas also as “Mukhyamantri Mahila Udyamita Abhiyaan-Nogoria” covering approximately 2.5 lakh SHG members. I allocate adequate resources for the successful implementation of this scheme,” the Budget speech states.