Exclusive schemes for Assam
North Eastern Development Finance Corporation
The main aim of this Corporation is to provide financial assistance to women entrepreneurs for taking up business ventures. The existing business ventures which already exist and handled by women are also eligible under this scheme and financial assistance is given to them for expansion, modernization and diversification of their business enterprises. The beneficiaries include skilled women entrepreneurs between the age group of 18 years and 50 years. The applicant has to be a woman and who is engaged in any income generating activity which includes small business trade etc. Assistance is given in form of term loan to projects whose cost should not exceed Rs 15 lacs. A maximum of 75% of the project cost can be granted as term loan. 25% of the project cost is contributed by the promoter. The loan has to be repaid with a rate of interest of 8 % within 3 to 7 years.
Entrepreneurship development schemes by different institutions in Rural Assam
Under the MSE Cluster Development Programme by Ministry of MSME, in case of soft interventions the Ministry contributes up to 90% of the total project cost and in case of hard intervention to women entrepreneurs and it is up to 40% assistance for infrastructure development.
Under the Trade Related Entrepreneurship Assistance and Development (TREAD) Scheme for women, the ministry of MSME grants up to 30% of the total project cost to NGOs for promoting entrepreneurship among women. Ministry also grant up to Rs.1 lakh per programme to training institutions / NGOs for the training of women entrepreneurs. Up to Rs.5 lakh is also provided to National Entrepreneurship Development Institutions and any other institutions of repute for conducting field surveys, research studies, evaluation studies, designing of training modules etc.
Credit Guarantee Fund Scheme for Micro and Small Enterprises, promoted by SIDBI, the guarantee cover is available up to 75% of the loans extended; however, the extent of guarantee cover is 80% for women operated MSEs.
The National Credit Fund for Women (NCFW) commonly known as Rashtriya
Mahila Kosh (RMK) assists women financially in informal sector. RMK allocates micro credit through MFIs for various activities which includes setting up of micro enterprises.
The SIDBI also launched women special schemes. Under Mahila Udyam Nidhi, women entrepreneurs are been granted with equity finance for setting up new projects in tiny or small sector and rehabilitation of viable sick industry. Under Scheme for Women Entrepreneur, women entrepreneurs are been financially assisted in setting up of SSI unit.
The NEDFI also offers women-centred schemes like Women Enterprise Development Scheme (WEDS), Scheme for North East Handloom and Handicrafts (SNEHH) etc.
Government of Assam in general has provided with various schemes for the generation of employment and entrepreneurs. The schemes like Kalapataru (finance), Chief Minister Self Employment Scheme (stipend while training with travelling expenses), CM Special Schemes (power tiller), Handloom and textiles (yarn) etc.
Through different policies like Assam Industrial Policy 2008 and Assam IT policy 2009, the government of Assam has developed women entrepreneurship by giving various assistance and incentives. Commercial banks are also introducing different types of schemes for the development of entrepreneurs.