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Assam government launches financial aid scheme to empower state's youth

Assam Chief Minister Himanta Biswa Sarma on Saturday launched a new self-employment scheme - 'Mukhyamantri Atmanirbhar Asom Abhijan' - designed to empower the state's youth. The scheme will provide financial assistance with the aim of fostering entrepreneurship, promoting self-sufficiency and self-employment.

  • According to the chief minister, the scheme is divided into two categories based on the educational qualifications of the applicants.
  • The first category includes unemployed degree holders in fields such as engineering, MBBS, BDS, agriculture, animal husbandry, and fishery.
  • These individuals will receive government assistance of Rs 5 lakh, half of which will be a subsidy, and the remaining amount will need to be repaid without interest."
  • The second category comprises unemployed postgraduates, general graduates, ITI, and Polytechnic pass-outs. They will receive government assistance of Rs 2 lakh, with Rs 1 lakh being a subsidy and the remaining amount repayable without interest.

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