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Assam Government to dole out Rs 1,000 crore in 3 months for youth entrepreneur

The State government is going to dole out Rs 1,000 crore within three months – Rs 50,000 to each youth entrepreneur as seed capitals,

Assam Government

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  5 Sep 2020 2:11 AM GMT

STAFF REPORTER

GUWAHATI: The State government is going to dole out Rs 1,000 crore within three months – Rs 50,000 to each youth entrepreneur as seed capitals, Rs 3,000 to each of eight lakh tea estate workers holding bank accounts and a flat amount of Rs 50,000 to each of around 6,000 people who have taken education loans.

Making this public before the media here on Friday, State Finance Minister Himanta Biswa Sarma said, "The government is going to give funds to self-help groups, cooperative farming and other voluntary organizations that have been registered before September 1, 2020 under the redesigned SVYEM Scheme. The target is to benefit two lakh youth entrepreneurs. Each member of a group will get Rs 50,000. The selection of the beneficiaries will be done at the district level under the direct supervision of the Finance department. The selected beneficiaries will have to produce their business plans. In PWD, I'll allot all works below Rs 50 lakh cost to such groups.

"Launched in 2017-18 with the target of rendering benefits to one lakh youths, the Department of Industries and Commerce, nodal department, could extend the benefits to 7,000 youths. "The tea gardens of the State have a scheme – Assam Cha Dhan Purashkar Asoni. Under this scheme Rs 2,500 each was deposited in each of 6.33 lakh tea estate account holders in 2017-18 and Rs 2,500 to each of 7.15 lakh tea estate account holders in 2018-19. In 2020-21, we've a target of depositing Rs 3,000 to each of 8 lakh tea estate account holders.

"Each of those who have availed education loans will get a flat amount of Rs 50,000 as subsidies under the Abhinandan Scheme. While 1,545 applicants got this subsidy last year, 5,547 others were listed for the benefits but the amounts were not paid. This year all those 5,547 applicants will be given the amount, Rs 50,000 each. If more such people who have taken education loans are left, they can apply for this benefit till September 20, 2020."

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