Sarkari Yojana

Mizoram Bana Kaih (Handholding) Scheme

Mizoram
Quick Summary: The Mizoram Bana Kaih (Handholding) Scheme supports selected Progress Partners with advisory help, collateral-free bank loans, full interest subvention, capital grants and market support. It runs for an initial 5 years from 19th September, 2024.

About Mizoram Bana Kaih (Handholding) Scheme

Socio-economic development is the aim of the “Mizoram Bana Kaih (Handholding) Scheme” of the Planning & Programme Implementation Department, Government of Mizoram, which gives financial, technical and institutional support to selected Progress Partners. Livelihood generation, entrepreneurship and sustainable development are all facilitated through it. Starting from 19th September, 2024, the scheme runs for an initial period of 5 years.

Scheme Overview

Government Level

State Government

Eligible Entity

Business Entity, Individual

Launch / Open Date

19 Sep 2024

Closing Date

18 Sep 2029

Scheme Details

Eligibility

Eligibility Requirements

To qualify for Mizoram Bana Kaih (Handholding) Scheme, applicants must satisfy the following conditions:

✅

Individuals, groups, organizations, entrepreneurs and innovators can all…

Individuals, groups, organizations, entrepreneurs and innovators can all apply.

✅

Applicants need strong potential to create wealth and…

Applicants need strong potential to create wealth and employment.

✅

Selection as a “Progress Partner” by the Apex…

Selection as a “Progress Partner” by the Apex Body is required.

✅

The applicant has to be involved in livelihood,…

The applicant has to be involved in livelihood, business, startup, or development activities.

Applicants must meet all of the above conditions to be considered eligible for this scheme.
Benefits

Benefits Provided

Mizoram Bana Kaih (Handholding) Scheme provides the following benefits to eligible applicants:

Handholding Support:

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All-round help covering advisory services, training, technical assistance,…

All-round help covering advisory services, training, technical assistance, and supervision.

✅

Bank loans are arranged as credit linkage, with…

Bank loans are arranged as credit linkage, with collateral-free provisions.

✅

Interest subvention in full, along with bank guarantee…

Interest subvention in full, along with bank guarantee support.

💰

A catalytic capital grant and venture funding are…

A catalytic capital grant and venture funding are made available. Support to Implementing Departments:

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Money is provided to build common infrastructure and…

Money is provided to build common infrastructure and facilities.

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Innovation and localization are backed by research and…

Innovation and localization are backed by research and development support.

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Technical training programmes receive financial support

Technical training programmes receive financial support.

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Expenses of administration for implementation and monitoring are…

Expenses of administration for implementation and monitoring are supported. Cluster Development Support:

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Agriculture and allied sectors are promoted using a…

Agriculture and allied sectors are promoted using a cluster (zau) approach.

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Industrial clusters are developed to draw in investments

Industrial clusters are developed to draw in investments.

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Support is decided by agro-climatic suitability and the…

Support is decided by agro-climatic suitability and the potential for employment. Market Support:

🌾

Priority crops get price support

Priority crops get price support.

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Market intelligence is gathered and information is shared

Market intelligence is gathered and information is shared.

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Links to markets are set up

Links to markets are set up.

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Infrastructure and machinery (fixed capital creation) receive financial…

Infrastructure and machinery (fixed capital creation) receive financial support. Participative Planning & Innovation:

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Decentralized planning at district and local levels is…

Decentralized planning at district and local levels is supported.

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Innovation is encouraged through efforts such as the…

Innovation is encouraged through efforts such as the "Chief Minister’s Innovation Challenge".

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Sustainable Development Goals (SDGs) are built into the…

Sustainable Development Goals (SDGs) are built into the work.

Benefit amounts and conditions may vary by category — refer to the official scheme guidelines for exact figures applicable to your case.
Documents Required

Documents Required

Applicants should keep the following documents ready before starting the application:

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Proof of the applicant's identity

Proof of the applicant's identity.

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Proof of address

Proof of address.

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A Project Proposal / Business Plan

A Project Proposal / Business Plan.

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Details of the bank account

Details of the bank account.

📄

A Registration Certificate, needed for an Organization/Startup

A Registration Certificate, needed for an Organization/Startup.

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Other documents that the concerned Authority may specify

Other documents that the concerned Authority may specify.

Ensure all documents are valid and, where required, duly attested before submitting your application.
Important Dates

2024-09-19

How to Apply

Online Application

Applicants can apply for Mizoram Bana Kaih (Handholding) Scheme through the online application process outlined below.

1️⃣

Progress Partners register through "Register New User"

Progress Partners register through "Register New User". A single user account can submit One Individual and/or One Organization Project.

2️⃣

Once registered, Progress Partners can file the Application…

Once registered, Progress Partners can file the Application (Loan or Chief Minister Package) online on the portal. A confirmation SMS is sent to the registered phone number when submission succeeds.

3️⃣

Depending on the Trade chosen, the relevant department…

Depending on the Trade chosen, the relevant department verifies the application and passes it on to the Planning & Programme Implementation Department.

Ensure all required documents are ready before starting the application process.

Official Application & Website

Verify the latest eligibility, dates and instructions before applying.

Official Sources & References