Tata Group on Friday submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs 40,000 crore, Assam CM Himanta Biswa Sarma. “Tata Group has applied to set up a semiconductor processing plant in Assam with an investment of Rs. 40,000 crore. This will be a game changer. My gratitude to Prime Minister Narendra Modi for his continued guidance in transforming our state,” the Prime Minister said in a post on X.
Earlier in the day, Chief Minister Sarma launched a portal to start the submission process of Mukhya Mantri Atmanirbhar Asom at a function at Lok Sewa Bhawan in Guwahati.
Speaking on the occasion, Chief Minister Sarma said that to create opportunities for self-employment and make the youth of Assam self-reliant, the Chief Minister's Atmanirbhar Assam Abhiyan was launched on September 23.
He said steps will be taken under the Abhiyan to enable two lakh youth to take up entrepreneurial ventures. The beneficiaries of the scheme are entitled to Rs 2 lakhs in two installments as a combination of government grants plus interest-free government loans to set up micro-enterprises or service units.
The Chief Minister said the scheme plans to target two lakh eligible beneficiaries in the next two years. He said that each of the two lakh youth will get Rs. 2 lakhs. Of this, Rs 1 lakh will be given as government subsidy and the remaining Rs. 1 lakh will have to be repaid without interest after the completion of five years.
CM Sarma said the scheme was launched to financially empower the youth and make them eligible for other loans from the central government. He said the web portal created for the scheme has witnessed the registration of 2,29,145 beneficiaries so far.
He also said that 1591 youth with professional degrees will be entitled to a loan of Rs. 5 lakh under the scheme, 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 witnessed a robust industrial environment.