AI SummaryMizoram government's Bana Kaih Scheme is accepting applications for its Phase II run, offering collateral-free and interest-free loans up to ₹50 lakh to small and marginal entrepreneurs. The scheme gives financial, technical and basic support to eligible people, helping them start or grow their business without money problems.
Chief Minister Pu Lalduhoma launched the scheme on 19 September 2024, and it now runs for an initial period of five years. Small business owners who are residents of Mizoram can apply online through the official portal at handholding.mizoram.gov.in.
How to Apply for the Bana Kaih Scheme
Eligible citizens can apply online through the official Bana Kaih portal at handholding.mizoram.gov.in. The portal allows applicants to register, fill in the form and submit the required documents without visiting any office.
STEP 1 - Open the official Bana Kaih portal at handholding.mizoram.gov.in and click on the registration option on the homepage.
STEP 2 - Fill in the application form with your personal details, business details and bank account information.
STEP 3 - Attach the required documents such as Aadhaar card, PAN card, bank account details and business papers.
STEP 4 - Submit the completed application and note down the reference number to track the status later.
Applicants who cannot apply online can also visit their nearest bank branch and submit the application offline with the help of the bank official.
Key Highlights of Bana Kaih Scheme
| Key Highlights | Details |
|---|---|
| Name of the Scheme | Bana Kaih Scheme Mizoram |
| Launched By | Mizoram State Government |
| Launch Date | 19th September 2024 |
| Presented By | Chief Minister Pu Lalduhoma |
| Objective | Provide financial, technical, and institutional support |
| Beneficiaries | Citizens of Mizoram |
| Target Audience | Small entrepreneurs in Mizoram |
| Key Benefits | Collateral-free and interest-free loans, CM Special Package |
| Eligibility Criteria | Citizens running small businesses |
| Documents Required | Aadhaar Card, Bank Account details, Business documents |
| Application Process | Online and offline |
| Expected Benefits | Loans up to ₹50 lakh |
| Official Website | handholding.mizoram.gov.in |
Eligibility Requirements
Only residents of Mizoram can apply under this scheme. The applicant should be running a small-scale business or should have a clear plan to start one.
- Applicants must be permanent residents of Mizoram.
- Applicants should be operating small-scale businesses or planning to start one.
Financial Aid Details
Selected entrepreneurs get collateral-free and interest-free loans up to ₹50 lakh. Along with the loan, eligible people can also get the Chief Minister's Special Package of up to ₹1 lakh as grant-in-aid.
- Beneficiaries can receive financial support up to ₹50 lakh in the form of loans through this scheme.
- Eligible applicants can also get up to ₹1 lakh under the Chief Minister's Special Package.
Necessary Documentation
Applicants need to keep the following documents ready before filling the application form.
- Aadhaar card
- Bank account details
- Official business documents
- PAN card
Government Departments Involved
The scheme is run by the Planning & Programme Implementation Department as the nodal department, with support from many other departments of the Mizoram government.
- Agriculture & Farmers Welfare Department
- Animal Husbandry & Veterinary Department
- Commerce & Industry Department
- Cooperation Department
- Fisheries Department
- Horticulture Department
- Information & Public Relations Department
- Irrigation & Water Resources Department
- Labour, Employment, Skill Development and Entrepreneurship Department
- Land Resources, Soil & Water Conservation Department
- Planning & Programme Implementation Department
- Rural Development Department
- Sericulture Department
- Sports & Youth Services Department
- Tourism Department
- Urban Development & Poverty Alleviation Department
Notable Features of the Scheme
The scheme has several features that make it useful for small business owners in the state.
- Interest-free Loans: Beneficiaries can access up to ₹50 lakh without any interest.
- Collateral-free Support: No collateral or security is needed for the loan.
- CM Special Package: Eligible people can get up to ₹1 lakh as grant-in-aid.
- Supporting Youth Entrepreneurship: The scheme helps young people start their own businesses.
- Scheme Duration: The scheme runs for an initial period of five years from 19th September 2024.
FAQ's
What are the benefits available under the Bana Kaih Scheme Mizoram?
Entrepreneurs can access collateral-free and interest-free loans up to ₹50 lakh, along with the Chief Minister's Special Package of up to ₹1 lakh.
How much budget is allocated for the Bana Kaih Scheme Mizoram?
The state budget for 2025-26 raised the allocation for the scheme to ₹380 crore, a 75% increase from the earlier amount.
What is the maximum loan amount under the Bana Kaih Scheme Mizoram?
Beneficiaries can avail loans up to ₹50 lakh under this scheme.
Can I apply online for the Bana Kaih Scheme?
Yes, applicants can fill out and submit the application online through the official portal at handholding.mizoram.gov.in.
Are there any collateral requirements for the loans?
No, the loans provided under the Bana Kaih Scheme are collateral-free.
How can I check the status of my application?
You can check your application status by visiting the official portal and navigating to the application status section.