Sarothi Start Up Fund Assam Loan Scheme

Brief objective

The government of Assam has introduced Sarothi Startup Loan Scheme for new entrepreneurs in the State. This scheme is also known as the Chief Minister’s Startup fund – Sarothi. 

Benefits to the citizens

Under this scheme, the Government provides financial assistance in the form of a loan at a subsidized rate to all eligible entrepreneurs.

 Eligibility

• All innovative startup industrial activities and the new individual applicant will be eligible to get the benefit under Sarothi scheme
• New Micro, Small and Medium Enterprises (MSME) units in Assam are eligible for these benefits
• Priority will be given to an applicant if he or she undergoes any skill development training
• If the applicant is a defaulter of any Bank or Financial Institution, he or she will not be eligible for benefits under Sarothi scheme

How to apply

• All eligible applicant need to apply in a prescribed format to the concerned general
• District Industries & Commerce Centres (DICC) official will examine the application and forwarded to the District level Committee (DLC) for approval.
• DLC and branch managers of AGVB in the district will select the beneficiaries for this scheme.
• On receipt of the approval of the DLC, the proposal will be forwarded to the concerned Branch of AGVB for sanction of loan.
• Brach will scrutinize the proposal thoroughly for sanction of loan within 30 days.

Whom to contact (implementation agency at the state/district level)

District Industries & Commerce Centres (DICC)

Link to application form

Sarothi Start Up Fund Assam Loan Scheme