Guwahati: The Assam government has unveiled a financial relief package aimed at easing the burden on people affected by the recent floods in Sivasagar, Charaideo, Jorhat and Golaghat, with measures ranging from loan repayment support to grants for damaged Namghars and assistance for small businesses.
The announcement was made by Chief Minister Himanta Biswa Sarma following a special meeting of the State Level Bankers’ Committee (SLBC) held on Thursday to assess the financial challenges faced by borrowers in the flood-affected districts.
Among the key decisions, the government will provide a one-time grant of ₹1.5 lakh to every flood-affected Namghar in Sivasagar and Charaideo to support restoration and repair work.
To help borrowers recover from financial setbacks caused by the floods, banks will extend the repayment period for eligible loans by six months, with revised repayment tenures of up to seven years, depending on the nature of the loan and the borrower’s circumstances.
The relief package also includes support for small traders. Retail shop owners whose businesses were impacted by the floods will be eligible to obtain an additional loan of ₹10,000 without the need to furnish fresh collateral or mortgage security.
Sharing details of the package, the Chief Minister said the measures are intended to help affected families, farmers, traders and other borrowers rebuild their lives and restore economic activity in the flood-hit areas.
The financial assistance comes as rehabilitation efforts continue across Upper Assam, where recent floods caused widespread damage to homes, commercial establishments, agricultural land and community infrastructure. The government has been working with banks and local authorities to facilitate recovery and provide timely support to affected residents.
