Assam Chief Minister Himanta Biswa Sarma on Friday that the Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs 40,000 crore.
"Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs40,000 crore. This will be a game-changer. My gratitude to Prime Minister Narendra Modi for his continuous guidance in transforming our state," the Chief Minister said in a post on X.
Earlier in the day, Chief Minister Sarma launched a portal to start the application submission process of Mukhya Mantri Atmanirbhar Asom at a function held at Lok Sewa Bhawan in Guwahati.
Speaking on the occasion, Chief Minister Sarma said that to create avenues of self-employment and make the youth of Assam self-reliant, the Chief Minister's Atmanirbhar Assam Abhiyan was launched on September 23.
He said that under the Abhiyan, steps will be taken to empower two lakh youth for entrepreneurial ventures. The beneficiaries under the scheme are entitled to receive Rs 2 lakhs in two instalments as a combination of government grants plus interest-free government loans to establish micro-enterprises or service units.
The Chief Minister said that the scheme plans to target two lakh eligible beneficiaries over the next two years. He said that each of the two lakh youth will be given Rs. 2 lakh. Out of this, Rs 1 lakh will be given as a government subsidy and the remaining Rs. 1 lakh will have to be returned after the completion of five years of their business without any interest.
Chief Minister Sarma said that the scheme was launched to empower the youth financially and make them eligible for other loans from the central government. He said that the web portal created for the scheme has so far witnessed the registration of 2,29,145 beneficiaries.
He also said that 1591 youth having professional degrees will be entitled to a loan amounting to Rs. 5 lakh under the scheme, of which 50 per cent will be government subsidy and the remaining 50 per cent will be an interest-free loan.
Chief Minister Sarma also said that the state has already witnessed a robust industrial climate.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Explained: Why Foreign Student Intake Restriction Is Troubling Indian Students
Manipur Chief Minister Slams Tejashwi Yadav Over "Racist" Jab At Himanta Sarma No 2-Hour Namaz Break In Assam Assembly On Fridays For Muslim MLAs "Will Consider Court Case": Assam Opposition Party On Muslim Marriage Bill Celebrated "Russian Spy" Whale Hvaldimir Found Dead In Norway: Report "I Only Hope...": Actor Jayasurya Breaks Silence On Sex Harassment Charges Manipur Chief Minister Slams Tejashwi Yadav Over "Racist" Jab At Himanta Sarma "I Only Hope...": Actor Jayasurya Breaks Silence On Sex Harassment Charges Over 700 Protestors Sent To Security Jails In Venezuela After Elections TS ICET Counselling 2024 Registration Process Begins Today Track Latest News Live on NDTV.com and get news updates from India and around the world.