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Mizoram Bana Kaih (Handholding) Scheme

MizoramBusiness & EntrepreneurshipMinistry: Planning and Programme Implementation Department
#Handholding Support#Progress Partners#Livelihood Development#Startup Support#Credit Linkage#Market Support#Youth Empowerment

About this scheme

The scheme "Mizoram Bana Kaih (Handholding) Scheme" by the Planning & Programme Implementation Department, Government of Mizoram, aims to promote socio-economic development through providing financial, technical, and institutional support to selected Progress Partners. It facilitates livelihood generation, entrepreneurship, and sustainable development. The scheme is implemented for an initial period of 5 years starting from 19th September, 2024.

Benefits

Handholding Support:

  • Comprehensive support including advisory services, training, technical assistance, and supervision.
  • Credit linkage through bank loans with collateral-free provisions.
  • Full interest subvention and bank guarantee support.
  • Provision of catalytic capital grant and venture funding.

Support to Implementing Departments:

  • Funding for development of common infrastructure and facilities.
  • Research and development support for innovation and localization.
  • Financial support for technical training programmes.
  • Administrative expense support for implementation and monitoring.

Cluster Development Support:

  • Promotion of agriculture and allied sectors through cluster (zau) approach.
  • Development of industrial clusters to attract investments.
  • Support based on agro-climatic suitability and employment potential.

Market Support:

  • Price support for priority crops.
  • Market intelligence and information dissemination.
  • Establishment of market linkages.
  • Financial support for infrastructure and machinery (fixed capital creation).

Participative Planning & Innovation:

  • Support for decentralized planning at district and local levels.
  • Promotion of innovation through initiatives like the "Chief Minister’s Innovation Challenge".
  • Integration of Sustainable Development Goals (SDGs).

Who is Eligible

  • The applicant should be an individual, group, organization, entrepreneur, or innovator.
  • The applicant should have high potential for wealth and employment generation.
  • The applicant should be selected as a “Progress Partner” by the Apex Body.
  • The applicant should be engaged in livelihood, business, startup, or development activities.

How to Apply

Online

Step 1: Progress Partners registration using "Register New User". One Individual and/or One Organization Project may be submitted from a single user account.
Step 2: After registration, the Application (Loan or Chief Minister Package) may be submitted online by Progress Partners through the portal. Upon successful submission, the applicant will receive a confirmation SMS at the registered phone number.
Step 3: Based on the Trade selected, the respective department will perform verification and then forward it to the Planning & Programme Implementation Department.

Documents Required

  1. Identity Proof.
    1. Address Proof.
    2. Project Proposal / Business Plan.
    3. Bank Account Details.
    4. Registration Certificate (In Case Of Organization/Startup).
    5. Any other documents as specified by the concerned Authority.

Who Is Not Eligible


Frequently Asked Questions

What is the "Mizoram Bana Kaih (Handholding) Scheme"?

The scheme is a government initiative to support individuals and organizations through financial, technical, and institutional assistance for livelihood and entrepreneurship development.

Who implements the scheme?

The scheme is implemented by various departments under the Government of Mizoram with the Planning & Programme Implementation Department as the nodal department.

Who are Progress Partners?

Progress Partners are individuals or organizations selected for their potential to generate employment and wealth.

What kind of support is provided under the scheme?

The scheme provides financial assistance, technical support, training, market linkage, and infrastructure support.

Is there any financial assistance available?

Yes, support includes collateral-free loans, interest subvention, grants, and venture funding.

How are beneficiaries selected?

Beneficiaries are identified by departments and selected by the Apex Body based on merit.

What is the duration of the scheme?

The scheme is implemented for an initial period of 5 years starting from 19.09.2024.

Is the scheme available across Mizoram?

Is the scheme available across Mizoram?


Does the scheme support startups?

Yes, startups as defined by DPIIT are eligible under the scheme.

What is credit linkage?

Credit linkage refers to the facilitation of bank loans for selected beneficiaries.

Is training provided under the scheme?

Yes, technical training and capacity building are key components of the scheme.

What is cluster development under the scheme?

Cluster development focuses on promoting agriculture and industries in specific zones for better productivity and employment.

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