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Street Vendors To Be Free From Stamp Duties Imposed On Loans: Assam Cabinet

The decision to waive stamp duties on loans in favour of street vendors was announced by the Assam Cabinet along with several other key decisions on Wednesday.

Street Vendors To Be Free From Stamp Duties Imposed On Loans: Assam Cabinet

Source: Google

Sentinel Digital Desk

Guwahati: In a major decision that was taken by Assam Cabinet on Wednesday, the stamp duty that was imposed on loans have been waived for street vendors who were hit hard by the COVID-19 pandemic. This decision was taken by the cabinet under PM Street Vendor's Atma Nirbhar Nidhi.

Speaking to the media about the key decisions of the cabinet, the Health Minister of Assam Keshab Mahanta said that the street vendors would now be able to sanction loans that amount to Rs. 10000 without the additional stamp duty or other charges. This would also speed up the process of the disbursal of loans.

The Assam Cabinet has also sanctioned Rs 400 crores in favour of various schemes under Chief Minister Samagra Gramya Unnayan Yojana to speed up the developmental process in rural areas.

The Cabinet has also decided to set up Assam State Application Centre as an autonomous registered society under Science, Technology and Climate Change Department.

The "State GST reimbursement scheme for Majuli bridge project, 2021" has also been approved by the cabinet to speed up the construction of the Majuli bridge in regard to the request of the Union Ministry of Road Transport and Highways.

The cabinet also decided to use Assamese calenders in the state (Bandla and Bodo calenders in Barak and BTAD areas respectively) in addition to the current Gregorian calendar for all government correspondence.

The Holiday list 2022 has also been approved by the cabinet, with 34 gazetted holidays, 31 restricted holidays, 2 half-holidays and 18 half-holidays under the NI Act.

The cabinet also informed that a new wildlife division will be set up in the Barak Valley.

Lastly, the cabinet announced the jurisdiction of the Divisions which include Cachar, Kamrimganj and Hailakandi districts.

Also Read: Union Cabinet Approves PLB For Non-Gazetted Railway Employees Equivalent To 78 Days' Wage

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