Guwahati: Assam Chief Minister Himanta Biswa Sarma has disbursed the first installment of Rs 75,000 as financial support under the Chief Minister’s Atmanirbhar Asom Abhijan (CMAAA) initiative to promote entrepreneurship among youths of the state.
More than 25,000 selected young entrepreneurs were awarded the first tranche of Rs 75,000 during a distribution ceremony on September 30 at the Veterinary College Field in Khanapara.
Applicants have been divided into two categories— one with general qualifications and the other with professional qualifications having medical or engineering degrees.
The initiative is aimed at reducing unemployment and fostering entrepreneurship among the youth of Assam.
The chief minister said that through this scheme, the state government is committed to empowering Assam’s youth to become self-reliant by providing financial assistance, training, and market access.
CM Sarma distributed the first installment amounting to Rs 75,000 to 25,064 youths in the first category. Another 174 youths with professional degrees will also receive the same amount.
Following a training program in November, the second installment of Rs 25,000 will be provided to the selected youths.
The state administration will later assess the progress of the business and then release the third tranche of financial support.
The youths in the first category with general qualification will get Rs 1 lakh in the third installment, while professional degree holders will receive Rs 4 lakh.
The chief minister said that the second leg of the Atmanirbhar Assam initiative will be launched soon, where at least 75,000 youths will be given financial assistance to help them become successful entrepreneurs.
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The program aims to provide a total subsidy grant of Rs 510 crore to support various sectors, such as agriculture, fisheries, and self-employment.
