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Phase 2 of Assam Microfinance Plan Launched by Chief Minister Himanta Biswa Sarma

In phase-II of the AMFIR system, a total of 12,590 category-I beneficiaries in Biswanath district would receive their checks.

Phase 2 of Assam Microfinance Plan Launched by Chief Minister Himanta Biswa Sarma

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  3 Jan 2022 1:26 PM GMT

GUWAHATI: The second phase of the Assam Micro Finance Institutions Relief (AMFIR) project was inaugurated in Biswanath, with Chief Minister Himanta Biswa Sarma urging borrowers to spend the money prudently in order to obtain future loans.

During the second phase of the campaign, cheques were distributed to 5,024 regular payer beneficiaries from Gohpur, Behali, Sootea, and Biswanath during a ceremony held in the Biswanath region of northern Assam.

In phase-II of the AMFIR system, a total of 12,590 category-I beneficiaries in the Biswanath district would receive their checks. Borrowers who have been paying their loans on time will be rewarded with a one-time incentive of Rs 25,000 in this round of the programme.

"From next month, a new site will be available where women beneficiaries who have not been able to return their microfinance loans will be able to register and the state government would assist them in repaying their debts," Sarma added.

He also emphasised the need for microfinance organisations to provide loan applicants with information on repayment arrangements. The incentives granted to the awardees, according to Sarma, are aimed at assisting them in maintaining outstanding credit discipline. A total of 11 lakh women will benefit from this phase of the project. At a Dhemaji function, Sarma subsequently handed out Rs 5,000 cheques to women recipients. This initiative has benefited 11,000 women in Dhemaji in total.

Sarma also announced a spate of development initiatives in Biswanath district, which is home to a varied range of ethnicities, including a large tea garden population, where he started an engineering college at Behali and a medical college at Biswanath will be established. He said a ropeway project at Biswanath Ghat has been suggested and is likely to be finished by 2022. The CM stated that his administration is making preparations to issue caste certificates to Class 9 children in their respective schools this year, without them having to travel anyplace.

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