Mizoram government presents ₹15,198 crore budget, allocates 75% more in flagship scheme
The Hindu
Mizoram Chief Minister presents ₹15,198.76 crore budget for 2025-2026, focusing on farmers, entrepreneurs, health insurance, and infrastructure.
Mizoram Chief Minister Lalduhoma on Tuesday presented a ₹15,198.76 crore budget for 2025-2026 and announced a 75% increase in fund allocation for the flagship ‘Bana Kaih’ (Handholding) scheme, a financial assistance programme for farmers and small entrepreneurs.
He said the Government will introduce a scheme from April to provide health insurance of up to ₹5 lakh cover per year to beneficiaries.
The chief minister, who also holds the finance portfolio, also presented supplementary demands for grants for the current fiscal (2024-25) amounting to ₹3,512.33 crore.
There was no proposal for levying new taxes in the budget.
Presenting the annual budget and supplementary demands in the assembly, Mr. Lalduhoma said the Government gives priority to the State’s flagship programme “Bana Kaih” scheme and allocated ₹350 crore for the 2025-26 fiscal, a 75% increase from ₹200 crore earmarked in the current fiscal.
The Bana Kaih scheme was launched in September last year and aimed at providing financial assistance and support primarily to entrepreneurs and farmers (“progress partners”) through targeted programmes designed to promote economic growth and self-sufficiency.
One of the key components of the scheme is handholding to progress partners(beneficiaries), under which the Government provides financial support and offers loans up to ₹50 lakh to beneficiaries through partner banks.
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