Mukhyamantri Atmanirbhar Asom Scheme launched by the Chief Minister of Assam

Tags: Government Schemes

Mukhyamantri Atmanirbhar Asom Scheme is a government initiative launched by the Chief Minister of Assam, Dr. Himanta Biswa Sarma.

An Overview of the News

• Mukhyamantri Atmanirbhar Asom Scheme aims to provide employment opportunities and financial assistance to the unemployed youth of the state.

• Its primary goal is to connect 2 lakh eligible individuals in two years, with a focus on assisting 1 lakh people in the financial year 2023-2024 and another 1 lakh people in the financial year 2024-2025.

• The eligibility standards and other restrictions will be made public on September 23, 2023, when the scheme officially launches.

• The scheme will have an online registration portal launched on September 23, 2023.

Mukhyamantri Atmanirbhar Asom Scheme: Financial assistance for 2 lakh recipients with interest-free loan and training:-

• Assam Atmanirbhar Yojana aims to provide assistance to 2 lakh individuals in the next two years.

• In the financial year 2023-2024, 100,000 recipients will receive an amount of Rs 1 lakh, and an additional 100,000 will receive the same amount in the next financial year, depending on their performance.

• Since the loan is funded by the government, no interest will be charged on the principal amount.

• Beneficiaries are not required to repay the loan for a period of five years. The specific loan tenure and repayment schedule have not yet been determined.

• Selected applicants will undergo a one-month training program to enhance their skills in management, accounting, and business.