The Assam Cabinet has approved a Rs 215.2 million allocation under the SIDBI Cluster Development Fund, aiming to boost Micro, Small, and Medium Enterprises (MSMEs) across the state. This initiative is part of the government’s broader efforts to promote balanced economic growth and empower local businesses.

Strengthening Assam’s MSME Sector The SIDBI Cluster Development Fund will support MSME expansion, infrastructure improvements, and technological upgrades, enabling entrepreneurs to scale their operations and contribute to Assam’s growing industrial landscape.

Vivanta Guwahati Expansion to Enhance Tourism In addition to MSME development, the Cabinet has sanctioned land for the expansion and upgradation of Vivanta Guwahati, a leading luxury hotel in the state.

This move is expected to:

Enhance tourism infrastructure Attract more domestic and international visitors Boost Assam’s hospitality sector The decision was made during the Assam Cabinet meeting on March 9, reinforcing the state’s commitment to economic growth and tourism development.