Empowering Women: Assam's ₹291 Crore Relief Package Benefits Microfinance Borrowers

Editor Editor
Sunday, September 24, 2023
Empowering Women: Assam's ₹291 Crore Relief Package Benefits Microfinance Borrowers
Assam Government Delivers on Promises: Relief Measures Distributed to Over 2.22 Lakh Women Loan Borrowers
GUWAHATI, Assam: In a significant step towards empowering women and fulfilling a key promise of the Government of Assam, Honorable Chief Minister Dr. Himanta Biswa Sarma ceremonially distributed relief measures to approximately 2.22 lakh women loan borrowers under the Assam Microfinance Incentive & Relief Scheme, 2021 (Category - III). This move, which comes at a total relief cost of ₹291 crore, is poised to provide a substantial boost to the State's women, enabling them to access fresh loans for their continued prosperity.

The Assam Microfinance Incentive & Relief Scheme, 2021, has been a cornerstone of the government's efforts to uplift women borrowers and support their financial well-being. Under Category - III of the scheme, the relief measures aim to alleviate the financial burden faced by women borrowers, allowing them to regain financial stability and participate actively in economic activities.

HCM Dr. Himanta Biswa Sarma, while addressing the gathering during the distribution ceremony, emphasized the government's unwavering commitment to women's empowerment and economic growth. He stated, "Today, we are fulfilling our promise to provide financial relief and support to our hardworking women borrowers. This initiative will not only ease their financial burden but also open doors for them to access fresh loans, enabling them to invest in their businesses and secure a better future for their families."

The relief measures distributed today mark a significant investment in the economic resilience of Assam's women. With ₹291 crore allocated for Category - III, these funds will offer a lifeline to women borrowers who have faced financial challenges in the wake of the COVID-19 pandemic and other economic hardships.

The relief package is expected to have a ripple effect on the State's economy, as empowered women borrowers reinvigorate their businesses and contribute to the overall growth and development of Assam. It is a testament to the government's dedication to fostering economic prosperity and gender equality.

Local women beneficiaries expressed their gratitude for the relief measures, acknowledging the positive impact it will have on their lives and businesses. Many spoke of their aspirations to expand their enterprises and contribute to the State's economic resurgence.

The distribution of relief measures under the Assam Microfinance Incentive & Relief Scheme, 2021, represents a significant milestone in the government's ongoing efforts to empower women and promote financial inclusion. It reaffirms the commitment of the Government of Assam to prioritize the welfare and prosperity of its citizens, particularly its hardworking women borrowers who form the backbone of the State's economy.