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.

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