Chief Minister said, Tata Group has submitted application to set up semiconductor plant in Assam

Assam Chief Minister Himanta Biswa Sarma on Friday said 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 Rs 40,000 crore. This will be a game-changer. My heartiest congratulations to Prime Minister Narendra Modi for his constant guidance in transforming our state. Gratitude,” 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 Chief Minister Aatmanirbhar Assam at a function held at Lok Seva 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 Self-reliant Assam campaign was launched on September 23.

He said that under the campaign, steps would be taken to empower two lakh youth for entrepreneurial ventures. Beneficiaries under the scheme are entitled to receive Rs 2 lakh in two installments as a combination of government grant and interest-free government loan for setting up micro enterprises or service units.

The Chief Minister said that the scheme plans to target two lakh eligible beneficiaries in the next two years. He said that every two lakh youth will be given Rs. 2 lakh. Out of this, Rs 1 lakh will be given as government subsidy and the remaining Rs. On completion of five years of business, Rs 1 lakh will have to be returned without any interest.

CM Sarma said that this scheme was launched to economically empower the youth and make them eligible for other loans from the central government. He said that so far 2,29,145 beneficiaries have been registered on the web portal created for the scheme.

He also said that 1591 youth with professional degrees will be entitled to a loan amount of Rs. Under the scheme, Rs 5 lakh, of which 50 percent will be government subsidy and the remaining 50 percent will be interest-free loan.

Chief Minister Sarma also said that the state has already seen a strong industrial environment.


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