The “Sarothi” scheme (also called “Sarothi – The Start-up Assam”), is a scheme launched by the Government of Assam to provide financial assistance to new entrepreneurs within Assam. This scheme provides loans with interest subvention for new businesses and startups in Assam.
More particulars on the Scheme:
- Aim:
The aim is to provide some financial assistance in the form of loans with interest subvention to new entrepreneurs. - Financial Assistance:
The State Government would provide interested subvention of 5% per annum on loans taken by the beneficiaries through specific Banks. - Beneficiaries:
The scheme is specifically targeted to individual entrepreneurs, innovative startups and new MSME units. - Implementation:
The scheme is initially implemented through Assam Gramin Vikas Bank (AGVB), and government can add additional banks at a later date. - Loan type:
Financial assistance is provided in the form of interest subvention on Term Loans and Cash Credits. - Loan amount and loan application:
The maximum level of loan available under the scheme is not stated in the limited search results available but the “Apun Bahan Scheme Assam 2025” states that the maximum amount of loan is INR 15 lakh or 48 times the net monthly income of the applicant, whichever is less.
