Assam govt rolls out second phase of women entrepreneurship support scheme

Nalbari, Aug 22: The Assam government on Friday launched the second phase of cheque distribution of the ‘Mukhyamantri Mahila Udyamita Abhiyan’, the state’s biggest women entrepreneurship support scheme.

Chief Minister Himanta Biswa Sarma rolled out the second phase from Nalbari, where 33,909 women members of self-help groups (SHGs) will receive financial assistance of Rs 10,000 each.

The scheme was launched on April 1 from the Behali assembly constituency.

Speaking on the occasion, Sarma said the scheme has been conceived as a means for strengthening the financial autonomy of women engaged in SHGs.

He said that Assam has nearly four lakh SHGs with an estimated 40 lakh women members, and the government has committed itself to providing Rs 10,000 to each member as seed support for entrepreneurial pursuits.

The CM said the amount can be used by the beneficiaries either individually, in partnership with family members or collectively with fellow SHG members.

A governmental review of fund utilisation would take place after one year.

Those who demonstrate effective use would receive Rs 25,000 in the second stage – of which Rs 15,000 would be contributed by the government and Rs 10,000 secured through bank linkage, Sarma said.

“Proper utilisation at that stage would, in turn, render beneficiaries eligible for loans up to Rs 50,000, with the state government covering interest liabilities and providing a 25-per cent subsidy,” he said.

Referring to the first phase of the ‘Mukhyamantri Mahila Udyamita Abhiyan’ launched at Behali, Sarma said reports of fund utilisation by beneficiaries had been largely positive.(PTI)

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

ED files charges against 13 in Rs 395-cr ponzi scam

Shillong, Jan 17: Thirteen more persons have been made...

Govt resolves to lay focus on Mission 10    

Larger policies and decisions will always be there, but...

Man United stuns Man City 2-0

Manchester, Jan 17: Michael Carrick got off to a...

UP Warriorz beat MI by 22 runs in WPL

Navi Mumbai, Jan 17: Captain Meg Lanning and fellow...

Conrad refutes PA Sangma Stadium ‘unsafe’ report

Shillong, Jan 17: The PA Sangma Stadium has not...

Govt promotes fish farming on a large scale

Shillong, Jan 17: The state government has taken steps...

Modi witnesses 10,000 artistes perform Bodo folk dance ‘Bagurumba’

Guwahati, Jan 17: Prime Minister Narendra Modi on Saturday...

How India is Responding to U.S. Geopolitical Turmoil

Satyabrat Borah Picture this: It's early 2026, and the world...
spot_img

Related Articles

Popular Categories