Bana Kaih Scheme: The Mizoram government has announced a new initiative aimed at supporting the farmers and small enterprises of the state. This scheme has been named the Bana Kaih Scheme, through which the state government will provide financial assistance and other support to the farmers and small entrepreneurs of the state. Through this scheme, the Mizoram government will pay the minimum support price to the farmers on some selected crops and will also provide easy loan assistance without any condition to the youth of the state to start an enterprise. This step taken by the state government will be for the economic development and self-reliance of the farmers and youth.
If you are from Mizoram and do farming or you are planning to do small business, then you must get information about the Bana Kaih Yojana of the Mizoram government. In this article, we have given all the information about the Mizoram Bana Kaih scheme clearly and step by step, which you will be able to advantage from by reading and understanding till the end. So let’s start and know about Mizoram Bana Kaih Scheme 2024 in detail.
Launch of Mizoram Bana Kaih Scheme 2024
The Bana Kaeh Policy was launched by Mizoram Chief Minister Lalduhoma ji during a program held at Vanapa Hall, during which he also told about the ambitious effects of this scheme. After the announcement by the Chief Minister, now soon the further process will be completed to implement this scheme, after which farmers and youth doing small business within the state will get government assistance. With the implementation of this scheme, on the one hand, farmers will get a minimum support price and other benefits, while on the other hand, easy loans will be available to the youth to do small business.
Mizoram Bana Kaih Scheme details in Summary
| Scheme | Bana Kaih Scheme |
|---|---|
| Concerned Government | Mizoram State Government |
| Chief Minister | Shri Lalduhoma |
| Objectives | To ensure self-sufficiency and economic development in the state |
| Features | MSP on selected crops, Easy bank loan facility |
| Beneficiaries | Farmers and small entrepreneurs |
| Application Process | Online |
| Official Website | handholding mizoram portal |
Aims and Objectives
This scheme has been launched with a view to ensuring income augmentation for farmers and helping them achieve self-sufficiency in the long run. Through this scheme, the state government will work towards efficient mobilisation and allocation of resources through effective convergence of actions. Youth of the state will be supported with a collateral-free and interest-free entrepreneur loan that will ensure the gainful engagement of youth in the state.
Key Features and Benefits
The Bana Kaih initiative will help the state move fast in the race of economic development. The benefits and key features of the Mizoram Bana Kaih Initiative can be understood from the points given below.
- Bana Kaih will be a 100% state-financed scheme to support the development and income generation for farmers and youth entrepreneurs.
- The scheme has been launched by the Mizoram Chief Minister, Mr. Lalduhoma, in a program organised at Vanapa Hall.
- The Mizoram government has allocated a budget of Rs. 200 crore for FY 2024–25 for this scheme.
- Now, from this year, farmers will receive an MSP for four produces that are ginger, broom, turmeric, and Mizo Bird’s Eye chilli.
- A collateral-free and interest-free bank loan will be available for youth entrepreneurs under this scheme.
- Under the chief minister special package grant as part of the Bana Kaih scheme, individuals engaged in small trade or livelihood activities will receive a grant of Rs. 1.00 lakh.
- Moreover, the government will ensure effective and progressive capacity-building support for gainers and beneficiaries of this scheme.
Eligibility Criteria
This is an economic support scheme targeting farmers and youth to ensure proper economic development and self-sufficiency. The eligibility criteria to avail of the Bana Kaih scheme can be understood from the points given below.
- All permanent/original residents of Mizoram will be eligible.
- Citizens engaged in farming work can avail of the scheme benefit.
- Youth engaged in small business/trade or other small employment will be eligible to avail of loan facilities or a Chief Minister Special Package grant.
- To be eligible for a loan under this scheme, one needs to be liability-free or not be a defaulter in any bank or financial institution.
Required Documents
The following documents will be needed in order to get the benefits under Bana Kaih Scheme 2024.
- Aadhar Card
- Address Proof
- Farmer Card
- Bank Account details
- Business details for youth
- Passport-sized photograph
Application Process to Avail Bana Kaih Scheme 2024
All the applicants who are permanent residents of Mizoram can perform the registration and online application process at the portal. The process requires the following steps:.
- Visit the official website of the Mizoram Bana Kaih Scheme at https://handholding.mizoram.gov.in/.
- After that, you will reach the home page of the website.
- On the home page, click on the Register New User button.
- The registration card will open before you.
- Complete the registration process by providing some basic details, such as your full name, EPIC number, mobile number, and creating a password for your account.
- Click Submit at last to complete the process.
- This way your registration will complete and you can proceed with your application.
- Login to your profile with the help of your login credentials and click Apply.
- Fill in mandatory details on the online application form and upload necessary documents.
- Review your application and proceed with the final submission.
- On successful submission, you will receive an SMS on your registered mobile number.
Contact Details
- Helpline Number: 8119-019-900
Important FAQs
Which state has launched the Bana Kaih Scheme?
The scheme has been launched by the Mizoram government.
What is the Bana Kaih Scheme 2024?
This is a composite scheme encompassing farmers and youth of the state by providing government support.
What benefits will be provided under the scheme?
This scheme will provide farmers with MSP on some selected crops. Moreover, it will also offer loans to youth for undertaking small enterprises.
Who is eligible under Bana Kaih?
Farmers of the state would receive the benefits. It will also benefit young individuals engaged in small businesses.
What is the main objective of the scheme?
The scheme aims to provide supplementary support to farmers and youth in the state of Mizoram.
What is the process to apply for Bana Kaih?
The government of Mizoram invites online applications at https://handholding.mizoram.gov.in/.