Assam Cabinet Waives Stamp Duty

The Assam Cabinet has taken a significant step to boost the state's microfinance sector by waiving stamp duty on Self-Help Group (SHG) loans up to Rs 10 lakh. This move is expected to benefit numerous SHGs operating in the state, providing them with easier access to credit. The decision reflects the government's commitment to supporting grassroots-level entrepreneurship and economic development. The waiver will likely have a positive impact on the state's rural economy, where SHGs play a vital role in promoting financial inclusion.