The primary goal of the Corporation is to provide financial assistance on favorable terms to aspiring entrepreneurs, fostering the healthy growth of the MSME sector in the region. The Corporation’s key objectives and functions include:

• Accelerating regional industrial growth by offering concessional financial assistance to micro, small, and medium enterprises.
• Promoting self-employment opportunities.
• Ensuring effective utilization of local raw materials for the production of consumer goods, contributing to the region’s socio-economic and industrial development.
• Encouraging new and technically skilled entrepreneurs to initiate industrial projects.
• Supporting the promotion and expansion of industries led by rural and urban artisans.
• Uplifting economically disadvantaged communities in Assam by extending financial support to Microfinance Institutions (MFIs), Non-Banking Financial Companies (NBFCs), and cooperative societies engaged in microfinance, under the Chief Minister's Microfinance Scheme.
• Promoting the growth of innovative projects through the Corporation’s Venture Capital Scheme.