Tata Group Submits Application to Set Up Semiconductor Plant in Assam

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 utility to arrange a semiconductor processing plant in Assam with an funding of Rs. 40,000 crore. This shall be a game-changer. My gratitude to Prime Minister Narendra Modi for his steady steering in reworking our state,” the Chief Minister mentioned in a publish on X.

Earlier within the day, Chief Minister Sarma launched a portal to start out the appliance submission technique of Mukhya Mantri Atmanirbhar Asom at a perform held at Lok Sewa Bhawan in Guwahati.

Talking 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 underneath the Abhiyan, steps shall be taken to empower two lakh youth for entrepreneurial ventures. The beneficiaries underneath the scheme are entitled to obtain Rs 2 lakhs in two instalments as a mix of presidency grants plus interest-free authorities loans to determine micro-enterprises or service items.

The Chief Minister mentioned that the scheme plans to focus on two lakh eligible beneficiaries over the subsequent two years. He mentioned that every of the 2 lakh youth shall be given Rs. 2 lakh. Out of this, Rs 1 lakh shall 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 net portal created for the scheme has up to now witnessed the registration of two,29,145 beneficiaries.

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

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