SITA takes initiative to revive Assam’s Economy

SITA takes initiative to revive Assam’s Economy

TheState Innovation and Transformation Aayog (SITA), Assam has prepared anassessment and strategy report on the socio-economic impact of Covid-19 on thestate for an effective time-bound strategy to take forward the developmentagenda.

SITAhanded over four impact assessment studies and action plans to Chief MinisterSarbananda Sonowal in a meeting held at Assam Administrative Staff College inGuwahati today. 

Thereports prepared by SITA include Report on Economy drafted in collaborationwith OKD Institute of Social Change and Development, Report on Agriculture& Allied Activities of Assam in collaboration with internationalconsultancy services organization KPMG, Report on Tea Industry of Assam incollaboration with Ernst & Young and Report on Industry & Commerce ofAssam in collaboration with Assam Chambers of Commerce, Confederation of IndianIndustry, Federation of Indian Chambers of Commerce & Industry, Federationof Industry & Commerce of North Eastern Region and Indian Chamber ofCommerce.

ChiefMinister Sonowal while appreciating the initiative of SITA said that thereports would be very handy in guiding the Assam Government in rejuvenating theState's economy. He said that though different sectors of the economy wereadversely affected by the lockdown, there were enough avenues in the State torebuild the economy.

Underlingthe benefit that can be accrued from the economic stimulus package worth Rs. 20lac crore announced by the Prime Minister recently, the Chief Minister urgedSITA to work in collaboration with State Finance Department to ensure visibleresult in the economy from this package. Stating the need for making banksaccountable for expeditious sanction and disbursal of loans to MSME sector, theChief Minister suggested for holding meeting with banks and developing amechanism for successful implementation of the package.

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