BillMart and FynX Capital have signed a Memorandum of Understanding with the Government of Assam to introduce Earned Salary Advance (ESA) and Salary-Linked Credit (SLC) services for approximately 5 lakh state government employees.
Launched in Guwahati, the initiative is aimed at improving financial inclusion and employee welfare by enabling government employees to access formal short-term credit through a secure digital platform. The programme is designed to help employees manage immediate financial requirements while reducing dependency on informal borrowing channels.
According to the agreement, the services will be delivered through a seamless and transparent digital process aligned with the vision of Himanta Biswa Sarma to promote fintech-driven financial accessibility and employee benefits across the state.
The Chief Minister 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 ceremony was attended by senior government officials, including Chandra Mohan Patowary, Ravi Kota, Jayant Narlikar, and Virendra Mittal from the Finance Department.
The initiative witnessed early adoption with 120 beneficiaries availing the facility within the first 12 hours of launch, facilitating nearly Rs 90 lakh in credit.
Under the programme, employees can access a portion of their earned salary before payday through ESA while also benefiting from salary-linked credit facilities with simplified approval systems and payroll-integrated repayment structures.
Sandeep Doshi, Co-founder and COO, BillMart, said the partnership is focused on enabling responsible and technology-driven financial access for government employees through a secure and user-friendly platform.
Ashok Kumar Mittal, Director, FynX Capital Ltd, stated that the initiative aims to build scalable technology-driven financial solutions that empower state government employees beyond basic credit access.
The companies stated that the programme is being implemented through collaboration between BillMart and FynX Capital to ensure structured and responsible credit delivery.
The launch of ESA and Salary-Linked Credit is expected to strengthen access to formal credit systems while modernising employee financial services and promoting financial well-being among government employees in Assam.
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