The Government of Assam has provided several financial support programs for improving the economic welfare of its people, especially its minority citizens.

These initiatives are set up to provide much-needed financial input, supporting entrepreneurship, and boosting agricultural productivity. Overall, the focus is on promoting sustainable development and self-reliance, enhancing the lives of individuals and families, and providing better living standards. Financial aid schemes contribute significantly to reducing socio-economic differences and fostering development. Besides being an immediate source of economic support, they provide benefits in education, skills acquisition, and health. The diversified schemes portray the commitment of the government toward social welfare and economic empowerment in Assam.

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Financial Assistance Schemes in Assam

The Assam government has implemented various integrated financial support schemes designed to empower the economically weaker sections of the society, promote entrepreneurship, and improve agricultural productivity. Here are the descriptions of the schemes implemented currently.

Assam Orunodoi Scheme

• Objective: To remove poverty and nutrition support for below-poverty-line families.
• Financial Support: Beneficiaries receive ₹1,250 monthly via DBT to their bank accounts. This amount will cover all the necessary expenses for the beneficiary, such as:

1. Medicines: ₹400 for health-related expenditures.
2. Pulses: ₹200 for 4 kg of pulses.
3. Sugar: ₹80 for 4 kg sugar.
4. Fruits and Vegetables: ₹150 for buying necessary fruits and vegetables.

• Eligibility Criteria:

1. Households have to be economically backward, and priority is given to women-headed families, which includes widows and divorced women.
2. The scheme provides priority to kutcha house dwellers and those who own less than 15 bighas of land in rural areas.

• Implementation: There is the monitoring of the scheme by the Finance Department of the Assam government at the local committee level through which the beneficiaries are selected.

Chief Minister’s Atmanirbhar Asom Abhijan

• Objective: To enable entrepreneurship among the youth and encourage self-employment.
• Financial Support: The amount ranges between ₹2 lakh to ₹5 lakh, with: Up to 50% of the amount is in the form of a subsidy, and the rest an interest-free loan.
• Target Group: Eligible are graduates, ITI pass-outs, etc., who have completed their education.

Mukhyamantri Krishi Sa Sajuli Yojana

• Objective: Improvement in agricultural productivity through credit for the acquisition of agricultural tools and equipment.
• Financial assistance: The program assists the farmer through the subsidization of required farm tools' expenses.
• Eligibility: only farmers actively involved in farming can qualify to get this aid.

Swanirbhar Naari Scheme

• Objective: Empowerment of women weavers in Assam through direct financial gains from their handicrafts.
• Financial Assistance: The government directly buys handloom products from weavers, thereby ensuring them fair compensation without any intermediaries.
• Eligibility Criteria: Women weavers registered under the scheme are eligible for benefits.

Lakhpati Baideo Scheme

• Objective: To facilitate access to women participating in SHGs to SHG capital in the form of micro-enterprise.
• Financial Assistance: Every SHG worker received ₹35,000 to initiate or expand their venture.
• Eligibility: Only women participating in SHGs or having an annual income are eligible.

Chief Minister’s Covid-19 Widows Support Scheme

• Objective: To assist the financial needs of the widows who lost their husbands owing to the COVID-19 pandemic.
• Financial Assistance: Monthly monetary aid would be given so that economic and social security is enabled towards the affected family.

Read Our Blog: Financial Assistance Schemes of the Delhi Government 

Application Process for Financial Assistance Schemes (Assam)  

The application process for Financial Assistance schemes are follows: 

• Eligibility Test: Applicants must check their eligibility under each scheme.
• Documents Required: Necessary documents may include an Aadhar card for identification, income statements, and project reports for entrepreneurs.
• Online application portal: most schemes offer an online portal for application forms.
• Submission and confirmation: upon submitting the online application form, applicants receive a receipt number for tracking their applications.
• Follow-up: several schemes allow applicants to track their applications through follow-up mechanisms.

Key Features of Financial Assistance Schemes

• Direct Benefit Transfer (DBT): Many schemes use DBT to transfer funds directly into the bank accounts of the beneficiaries, reducing leakage and providing support at the right time.
• Empowerment of Women: Most of the schemes are especially focused on women's economic empowerment to ensure gender equality and greater participation in the labour force.
• Skill Development Programs: Many schemes have skill training components that equip the beneficiaries with self-employment or better job opportunities.
• Encouraging Sustainable Practices: Agricultural schemes tend to stress sustainable agriculture practices which help farmers promote eco-friendly farming practices with increased productivity while conserving natural resources.
• Community Involvement: Most of the programs provide opportunities for community involvement through SHGs or cooperative societies, hence encouraging group development and interchange with other members.

Conclusion 

The financial assistance programs of the Government of Assam are key to the improvement of the people's economic status, especially that of the below-poverty-line population. These provide substantial financial support, promote the development of entrepreneurship, and bring about agricultural productivity while attaining sustainable development and self-reliance.

By providing access to education and skill development, these schemes reflect the focus of the government on social welfare and empowerment. Overall, it uplifts the socio-economic status of the population of the state by empowering youngsters, farmers, and women weavers.