Government loan of Rs 1 crore for 'Swabalamban' trained entrepreneurs

By Our Correspondent

Agartala November 07 2018: The BJP-IPFT state government has decided to  strengthen the 'Swabalamban' scheme introduced in the state for the first time in 2010 for self-employment of would-be entrepreneurs. Even though the scheme had been launched eight years ago it never really got going because  of non-availability of capital fund for would-be entrepreneurs keen to launch own business for self-employment.

Yesterday in a cabinet decision the state government decided to give loan to entrepreneurs under the 'Swabalamban' scheme up to the  maximum amount of Rs 1 crore. A number of components of the scheme will be strengthened to make availability of loan easier so that people can try for self-employment. 'In the matter of giving loans which the state government may give directly or by standing as guarantor for banks the unemployed people who have undergone skill development training will be given preference' said official sources. They added that without skill development training in their respective fields of activities no government or bank finance will be available. 'A new bill on Swabalamban will be introduced and passed in the state assembly soon to make the scheme viable' sources said. 


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