MUKHYAMANTRI MAHILA UDYAMITA ABHIYAN

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Picture Courtesy: yojanalabh.com

Context: The Assam government's Mukhyamantri Mahila Udyamita Abhiyan, a scheme aimed at promoting entrepreneurship among women members of self-help groups, is set to be launched between January 18 and 25.

About Mukhyamantri Mahila Udyamita Abhiyan

• The Mukhyamantri Mahila Udyamita Abhiyan is designed to encourage entrepreneurship among 3.9 million women members of self-help groups in Assam.

Scheme Details

• First Phase: Each applicant will receive a grant of ₹10,000 in the first year to start a business from a list of 145 government-prepared business plans.
• Total Budget: The scheme is part of the state's annual budget, with ₹3,900 crores earmarked, making it one of the largest such schemes in Assam.
• Second Year: Participants will receive a bank loan of ₹12,500 and an equal grant from the state government in the second year. Audits will ensure the proper utilization of funds.

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WOMEN SHGs IN INDIA: https://www.iasgyan.in/daily-current-affairs/women-shgs-in-india