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Assam govt initiates process to give 1L jobs to youth, waive micro-finance loans

Assam govt initiate to give 1L jobs to youths, waive micro-finance loans

The Assam government, led by Chief Minister Himanta Biswa Sarma, launched a process on Tuesday to create one lakh employment for the state’s unemployed youth and to develop strategies to waive rural people’s loans from microfinance institutions.

The first Cabinet meeting of the BJP-led government’s second term was chaired by Sarma on Tuesday, during which many decisions were made, including creating one lakh government employment and waiving microfinance loans.

Following the conference, Health Minister Keshab Mahanta announced the formation of a committee chaired by Finance Minister Ajanta Neog to develop a roadmap for providing one lakh government employment to the state’s youth.

The committee will compile a draft that would be presented to the government as soon as possible.

The Chief Secretary, the Principal Secretary to the Chief Minister, and the Principal Secretary, Health, Education, and Home are all part of the commission.

Another committee, chaired by Guwahati Development and Urban Development Minister Ashok Singhal, was established during the meeting to determine the financial implications of microfinance institutions waiving loans to thousands of citizens, mainly in rural areas.

This committee will be chaired by the Principal Secretary to the Chief Minister and the Principal Secretary for Finance, Planning, and Rural Development.

The Cabinet has also agreed to raise the Assam government’s interest in the Numaligarh Refinery (NRL) from 12.35 percent to 26 percent, Industries and Commerce Minister Chandra Mohan Patowary said.

He mentioned that the overall financial commitment for the purpose of increasing the government’s stake will be Rs 2,187 crore.

“The Cabinet has directed the Finance Department to release the remaining Rs 1,687 crore financial obligations arising from this enhancement,” the minister said. “The government has already paid Rs 500 crore for the stake enhancement.”

The NRL was formed in eastern Assam’s Duliajan district in accordance with the terms of the 1985 Assam Accord, which was signed following six years of Assam unrest to expel “illegal immigrants.”

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Written by Ankur J Kakoti

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