Mizoram, India, launches 'Bana Kaih' scheme providing collateral-free loans and MSP for farmers and entrepreneurs.
Mizoram, India, has introduced the 'Bana Kaih' (Handholding Scheme) to support farmers and entrepreneurs. This initiative offers collateral-free, interest-free loans up to Rs 50 lakh, grants up to Rs 1 lakh for viable projects, and a Minimum Support Price (MSP) for key crops like ginger and turmeric. The scheme aims to enhance economic growth and market stability, with the government acting as a guarantor for loans. It will be piloted during the current financial year.
September 19, 2024
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