Logistics, warehousing policy unveiled in Assam

Chief Minister Himanta Biswa Sarma launched the Assam Logistics and Warehousing Policy 2022 on 19 September 2022, intending to make the state a sectoral hub to augment economic development. The government signed an MoU with Credit Guarantee Fund Trust for MSMEs for easing financial support. Another MoU was signed with SIDBI Venture Capital for start-ups. The size of the venture capital fund is

200 crore, of which 100 crore will be contributed by the government,

50 crore by SIDBI and the remaining 50 crore by contributors. Sarma termed 19 September 2022 as a red-letter day for the MoUs may lead to rapid industrialisation and revamp MSMEs.