A step towards Atmanirbhar: interest-free loans via SIDBI in Tripura, says ICA minister

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  • Abhijit Nath, NET Correspondent, Tripura

Agartala, April 02, 2022: The government of Tripura on Friday took a firm decision to make unemployed young people in the state “Atmanirbhar” by providing interest-free loans under the “Start-Up Tripura” scheme.

The Council of Ministers under the chairmanship of Chief Minister Biplab Kumar Deb on Friday took the decision to motivate the unemployed youths of Tripura by contributing funds through an interest free loan, said the Minister of Information and of Cultural Affairs Sushanta Chowdhury during a press conference at the Civil Secretariat. here in the city of Agartala on Friday afternoon.

“Not only that, a fund management company would also be appointed to provide loans to unemployed young people in this state,” he added.

Slamming the previous Left Front government, the ICA minister said: “Before 2018, young unemployed people intended to become self-sufficient, but the procedure to obtain funds was a difficult task. And, if a young person somehow managed to get a loan, then he had to pay high interest rates. In most cases, young people fail to make profits and register miserable losses”.

“The current government is looking forward to ‘Atmanirbar Tripura’ and under it, a corpus fund of Rs 15 crore to be contributed by the state government while SIDBI will support Rs 10 crore and the rest Rs 25 crore will be purchased from various PSUs across the state as needed,” Chowdhury, who is also the firm’s spokesperson, told reporters.

He said: “To get the interest-free start-up loan, an unemployed youth must first submit their DPR (Detailed Project Report). This report will be reviewed, evaluated and analyzed to make the final decision. However, the decision should be effective within the next two to four months.”

Chowdhury also said that the relevant government department is preparing terms and conditions and nomenclature for granting loans. It is a step towards ‘Atmanirbhar Tripura’.

Meanwhile, the Tripura cabinet spokesperson also mentioned the other decisions to fill 682 posts in the secondary education and health departments, while posts of 340 special educators were created in the department of school education.

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