Tata Group Submits Software to Set Up Semiconductor Plant in Assam, Chief Minister Says

Tata Group has submitted an utility to arrange a semiconductor processing plant in Assam with an funding of Rs 40,000 crore, Assam CM Himanta Biswa Sarma on Friday. “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 gratitude to Prime Minister Narendra Modi for his continuous guidance in transforming our state,” the Chief Minister mentioned in a submit on X.

Earlier within the day, Chief Minister Sarma launched a portal to begin the applying submission strategy of Mukhya Mantri Atmanirbhar Asom at a operate held at Lok Sewa Bhawan in Guwahati.

Speaking on the event, Chief Minister Sarma mentioned 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 mentioned that below the Abhiyan, steps will probably be taken to empower two lakh youth for entrepreneurial ventures. The beneficiaries below the scheme are entitled to obtain Rs 2 lakhs in two instalments as a mixture of presidency grants plus interest-free authorities loans to ascertain micro-enterprises or service items.

The Chief Minister mentioned that the scheme plans to focus on two lakh eligible beneficiaries over the following two years. He mentioned that every of the 2 lakh youth will probably be given Rs. 2 lakh. Out of this, Rs 1 lakh will probably be given as a authorities subsidy and the remaining Rs. 1 lakh must be returned after the completion of 5 years of their enterprise with none curiosity.

CM Sarma mentioned that the scheme was launched to empower the youth financially and make them eligible for different loans from the central authorities. He mentioned that the online portal created for the scheme has to date witnessed the registration of two,29,145 beneficiaries.

He additionally mentioned that 1591 youth having skilled levels will probably be entitled to a mortgage amounting to Rs. 5 lakh below the scheme, of which 50 per cent will probably be authorities subsidy and the remaining 50 per cent will probably be an interest-free mortgage.

Chief Minister Sarma additionally mentioned that the state has already witnessed a strong industrial local weather.