Mizoram launches ‘Bana Kaih’ scheme to support farmers and entrepreneurs

Chief Minister Lalduhoma officially launched the state’s new flagship initiative, the Hand Holding Scheme (Bana Kaih), during a ceremony held at Vanapa Hall.

Aim & Objectives

• Effective Convergence of Actions
• Efficient Resource Mobilization & Allocation
• Establishing Progress Partners
• Gainful engagement of Youth
• Strengthening Support Institutions
• Comprehensive Service Delivery

Scheme Design

• The scheme is designed to provide financial assistance and support to entrepreneurs and farmers across the state, promoting economic growth and self-sufficiency through a range of targeted programs.
• To support the agricultural sector, the scheme introduces a Minimum Support Price (MSP) for four key crops: ginger, broom, turmeric, and Mizo Bird’s Eye chili.
• The scheme is also aimed at supporting the implementing departments tasked with ensuring its success.
• Chief Minister’s Special Category Scheme, which offers grant-in-aid up to Rs 1 lakh. This grant is specifically intended for individuals who may not be in a position to avail of loans but have small livelihood projects that could benefit from a financial boost.

Apex Body

The Mizoram state policy state coordination committee chaired by the Chief Minister will function as the apex body for administering handholding support to progress partners.

Departments Responsible for the deployment of scheme

• Agriculture
• Animal Husbandry and Veterinary
• Commerce and Industry
• Fisheries
• Cooperation
• Irrigation
• Rural Development

Scheme Budget

The budget for the scheme provided from the State finances starting from with the budget allocations of Rs. 200 crore for the FY 2024-25.

Forms of Support

• Collateral free and interest free bank loan
• Chief Minister Special package grant
• Capacity building progress support