Tata to invest ₹40,000 cr in Assam to set up semiconductor processing plant

 Assam Chief Minister Himanta Biswa Sarma on Friday that the Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of ₹ 40,000 crore. "Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of Rs40,000 crore. This will be a game-changer. My gratitude to Prime Minister Narendra Modi for his continuous guidance in transforming our state," the Chief Minister said in a post on X. Tata Group has submitted an application to set up a semiconductor processing plant in Assam with an investment of ₹40,000 cr.He said that under the Abhiyan, steps will be taken to empower two lakh youth for entrepreneurial ventures.
 

The beneficiaries under the scheme are entitled to receive ₹ 2 lakhs in two instalments as a combination of government grants plus interest-free government loans to establish micro-enterprises or service units.The Chief Minister said that the scheme plans to target two lakh eligible beneficiaries over the next two years. He said that each of the two lakh youth will be given ₹ 2 lakh. Out of this, ₹ 1 lakh will be given as a government subsidy and the remaining ₹ 1 lakh will have to be returned after the completion of five years of their business without any interest.Chief Minister Sarma said that the scheme was launched to empower the youth financially and make them eligible for other loans from the central government. He said that the web portal created for the scheme has so far witnessed the registration of 2,29,145 beneficiaries.He also said that 1591 youth having professional degrees will be entitled to a loan amounting to ₹ 5 lakh under the scheme, of which 50 per cent will be government subsidy and the remaining 50 per cent will be an interest-free loan.