The BJP-led Tripura Government’s flagship programme – Swabalamban Scheme –has
marked noteworthy success with the establishment of as many as 10,462 Micro,
Small, and Medium Enterprises or MSMEs in the State over the past five years.
This initiative, boasting a financial value of Rs 291 crore, has generated
employment opportunities for 29,159 individuals, stated the Industries and
Commerce department.
With an aim to further empower unemployed youth and self-help groups in
the State, the Tripura Government led by CM Manik Saha has launched a
cutting-edge digital platform.
Industry and Commerce Minister Santana Chakma inaugurated the portal,
www.swavalamban.tripura.gov.in on November 21.
The newly unveiled portal strives to simplify the process of accessing
information and applying for the Swabalamban scheme. This initiative is
designed to encourage the growth of MSMEs while concurrently generating
self-reliant employment opportunities.
Under the Swabalamban scheme, the government extends loans of up to Rs 1
crore, accompanied by a substantial subsidy of 30 per cent (35 per cent for
women). Additionally, each project can receive a maximum subsidy of Rs 1 lakh.
In a proactive move, the Industries and Commerce department reviewed the
guidelines for the Swabalamban scheme in the fiscal year 2019-20. The revisions
were aimed at enhancing the convenience and attractiveness of the scheme for
aspiring entrepreneurs.
The Swabalamban scheme is inclusive, covering individuals, partnerships,
self-help groups, and cooperative societies within the age group of 18-50
years.
This strategic initiative not only highlights the success of the
Swabalamban scheme in fostering economic growth but also stress upon the
Tripura Government’s commitment to providing accessible avenues for
self-employment, ultimately contributing to the State’s overall development.
NE Watch Desk
