Assam Issues Second CMAAA Payout to 12,900 Entrepreneurs

Overview

• Chief Minister Himanta Biswa Sarma disbursed second instalments on March 11 to 12,900 youth under the CMAAA 1.0 programme.
• Eligibility for the new tranche required effective use of the initial Rs 1 lakh and demonstrable business progress, with about 12,000 initial recipients given 90 more days to qualify.
• Beneficiaries received between Rs 2 lakh and Rs 5 lakh to expand enterprises, according to state-linked reports.
• The government is facilitating bank connections for recipients and will bear part of loan interest to improve access to credit.
• Officials announced plans to add 75,000 more youths this year and set a longer-term goal of nearly 10 lakh participants, while some media accounts differ on phase-wise totals.