The government of Assam has signed a Memorandum of Understanding (MoU) with BillMart and FynX Capital to introduce Earned Salary Advance (ESA) and Salary-Linked Credit (SLC) facilities for nearly 5 lakh state government employees, marking a significant step toward enhancing financial inclusion and employee welfare.
Launched in Guwahati, the initiative enables government employees to access formal, short-term credit through a secure digital platform, helping them manage immediate financial needs while reducing reliance on informal and high-cost borrowing options.
The agreement aims to deliver these services through a seamless and transparent digital process. The initiative aligns with the vision of Himanta Biswa Sarma, Chief Minister of Assam, to leverage FinTech-driven solutions to improve financial accessibility and employee benefits across the state.
The Chief Minister further stated, “The facility is being delivered through FinAssam, Assam’s digital financial platform enabling fast, paperless and transparent credit access for government employees.”
The MoU signing was attended by senior government officials, including Chandra Mohan Patowary, Minister for Environment & Forest; Ravi Kota, Chief Secretary; Jayant Narlikar and Virendra Mittal, Commissioners and Secretaries in the Finance Department.
The scheme witnessed strong early traction, with 120 beneficiaries availing the facility within the first 12 hours of launch, facilitating nearly Rs 90 lakh in credit. The services are being delivered through FinAssam, the state’s digital financial platform designed to provide fast, paperless, and transparent credit access.
Under the programme, employees can access a portion of their earned salary before payday through ESA, while also benefiting from salary-linked credit options featuring simplified approval processes and repayment structures integrated with payroll systems.
Sandeep Doshi, Co-founder and COO, BillMart, said the partnership aims to enable responsible, technology-driven financial access for government employees through a secure and user-friendly platform.
Ashok Kumar Mittal, Director, FynX Capital Ltd, highlighted that the focus is on building scalable, technology-driven solutions that don’t just provide access, but truly empower the state government employees.
The initiative is being supported by BillMart in collaboration with its financing partner FYNX Capital, ensuring structured and responsible credit delivery.
The launch of ESA and Salary-Linked Credit marks a key milestone in modernising employee financial services in Assam, strengthening access to formal credit, and promoting financial well-being among government employees.
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