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Good news for all the new entrepreneurs of Assam state. The state government has come up with a beneficial scheme for all the entrepreneurs of the state. The scheme is known as the Chief Minister Start Up Scheme – SAROTHI.
Startup Fund Scheme SAROTHI 2018
As we all know that today’s generation is more shifted towards starting up their own business. The new generation don’t want to work under someone else but they want to start their own business. Along with this, a fact is also clear that for setting up a business, the person has to face many flaws. Assam Government give them a new chance. Those who want to startup something new, Startup Fund Scheme SAROTHI 2018 is start from last year by Chaif Minister Sarbananda Sonowal. Under this SAROTHI Loan will be provided at 5% Interest Rate. Mostly the first generation entrepreneurs face various problems in starting up a new business. The problems so faced by them are due to lack of adequate resources such as equity, loan etc.
form new year 2600 tractors will be distributed to farmers in Assam. Government of Assam Tractor Subsidy scheme for farmers also start form new year. To get a loan from banks and other financial institutes is also a big task, as the banks are very reluctant to provide loan considering the new venture as a risk. Such types of various other financial problems are also seen in setting up a new business.
CM Startup Fund Scheme Assam
To resolve all such problems the state government of Assam has started this new scheme, CM Startup Fund Scheme Assam name as SAROTHI. The main aim of this scheme is to provide financial assistance in the form of loan to all the new entrepreneurs. Another objective of the scheme is to eliminate all the equity hurdles and the fund crunch. The loan provided under this scheme will be from a designated bank covering the whole of Assam. By this loan amount the new generation entrepreneurs will get a start up and they can change their dreams into the reality.
|Scheme Motive||Assam CM Strtup Funding Scheme for New Business|
|Foundation of this scheme||Provide Loan for New Entrepreneurs|
|Interest Rate||5% P.A.|
|Maximum Loan Amount||10 Lakh|
Many people are innovative and holds numerous creative ideas but are unable to implement on them, as the reason is lack of money. But CM Start Up scheme – SAROTHI, is an effort of Assam state government to bring forward the creative minds into the business world.
The main key features and benefits of SAROTHI – CM Startup Fund Scheme Assam are as follows…
- Loan will be provided in an easy and simplified manner to all those persons who want to start up a business.
- The maximum amount that will be provided under this scheme as a loan is Rs. 10 lakh.
- The loan amount will be at lower interest rates as compared to the other banks. The said interest rate is 5 %.
- The loan will be granted by the state government of Assam through Assam Gramin Vikas Bank.
- The tenure of this scheme will be of 5 years, as within five years the person has to re – pay the loan amount.
- There will also be a interest free moratorium period of 10 months from the date of first disbursement, depending on the nature of the activity taken by the person applying for it.
How To Apply Online for CM Startup Fund Scheme Assam
- Fill the application form for the assistance and submit it to the General Manager, District Industries and Commerce Center (DICC).
- Then the DICC coordinate with the bank and send the application form to the bank for its approval.
- The application will then be scrutinized by the government officials at district level and by the bank branch manager.
- Within 30 days the approval and rejection of the form will be disposed to the borrower.
- Read the full notice of CM Startup fund scheme Assam – PDF Available to Read .
The bank will not charge any processing fee or the documentation fee. The SAROTHI CM Startup Fund Scheme Assam 2018 application form is also available online and for more inquiry, the readers are suggested to visit the official link of Assam government. Assam Government like Last year this year also work for Students. Assam CM Scholarship 2018 will be again start with in few month. You can fill forma and then apply. Government of Assam working in every department and they think about everyone.