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    Assam: Rs1000 cr RE-SVAYEM scheme for 2 lakh youths in state

    Each member of the selected eligible group would be given an amount of Rs 50 thousand in two tranches for promoting entrepreneurial activities at the grass root level.

    Guwahati: State government’s flagship programme, RE-SVAYEM Redesigned Swami Vivekananda Assam Youth Empowerment (Re-SVAYEM) scheme was launched on Wednesday at a function at Kumar Bhaskar Barman Kshetra in Amingaon.

    The scheme was launched by Assam chief minister Sarbananda Sonowal and finance minister Himanta Biswa Sarma. The ambitious scheme which focuses on rural economy would benefit 2 lakh youths with Rs 50 thousand each.

    Re-SVAYEM, worth Rs 1000 crore, is aimed at providing working capital support to enterprising individuals and groups to undertake new activities or expanding existing enterprises.

    CM Sonowal asserted that the scheme would help the youths to develop entrepreneurship skills and become self-reliant. “This fund has been provided to develop your skills. You must take resolution to earn Rs 5 lakh with this 50 thousand,” he said.

    The ambitious scheme has been redesigned to develop an ‘Entrepreneurship-Oriented-Ecosystem’ in the state. It aims at strengthening local industries.

    Each member of the selected eligible group would be given an amount of Rs 50 thousand in two tranches for promoting entrepreneurial activities at the grass root level.

    Under the scheme, the government of Assam will assist existing groups (5-20 members) such as Self-Help Groups (SHGs), Joint Liability Groups (JLGs), Farmer Producer Organisations (FPOs), and Cluster level SVPs/Federations.

    Minister Himanta Biswa Sarma announced that other facilities in different sectors would be provided to the eligible groups in future.

    “We also have plans to register these groups under departments like PWD, Irrigation, Water Recources so that you can work for the small-scale projects in the rural areas,” Sarma said in the function.

    Read more : Atul Bora to continue as AGP President: GHC scrapped lower court’s order

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