A review meeting of the implementation of the Chief Minister’s Micro-Finance Initiative Scheme in progress held the Conference Hall of the Chief Secretary Kohima on December 8. (DIPR Photo)
Kohima, December 8 (MExN): Nagaland Chief Secretary J Alam today asked all the Deputy Commissioners (DCs) to give top priority and lead from the front in implementing the Chief Minister’s Micro-Finance Initiative (CMMFI) Scheme.
Chairing a review meeting in the Conference Hall of the Chief Secretary Kohima, which discussed in details issues pertaining to the implementation of the scheme, he also directed the DCs to conduct awareness programme in their respective district by December 15.
Alam further expressed appreciation to the Wokha District for the proactive role played in creating awareness and receiving applications for scrutinising and approval, a DIPR report informed.
Accordingly, he encouraged other districts to follow suit and also create a District Facilitation Centre with members drawn from the Agriculture and Allied Departments in the respective district in order to expedite the implementation of the scheme, it said.
The CMMFI scheme and the Chief Minister’s Health Insurance Scheme (CMHIS) are the two flagship programmes launched by the State Government and therefore need top priority, Alam further stressed.
He also directed the Lead bank to issue fresh directives to all the bank branches regarding their role and responsibility in the implementation of the CMMFI Scheme so as to ensure the timely dispersal of loans to the beneficiaries.
As per the State DIPR, the DCs assured that they would organise awareness campaigns before December 15 and give maximum efforts for the success of the state flagship programme.
APC, Y Kikheto Sema also reiterated that CMMFI Scheme is a first-of-its-kind scheme in the State where the loan component is 60% to be provided by the banks and the State Government will provide 30% of the total project cost as a back-ended subsidy.
The beneficiary will have to contribute just 10% of the project cost while KCC holders will have the additional benefit of a 4% interest subvention by the State Government, he noted.
Sema also noted that the total cost of the CMMFI Scheme would be around Rs 217 crore, out of which Rs 65 crore is subsidy from the State government, Rs 130 crore is from the Bank, and Rs 22 crore was beneficiary contribution.
The CMMFI is expected to generate employment opportunities for about 1500 unemployed youths or entrepreneurs, he maintained.
Meanwhile, Development Commissioner, Amardeep S Bhatia also highlighted on the CMHIS and asked the Deputy Commissioners to ensure the saturation of registration of all government employees and public under the health insurance Scheme so that health cards can be issued to all before the election process starts.
Senior officials from the State Government and the Lead Bank as well as the DCs, the Chairmen of the District Level Implementation-cum-Monitoring Committee (DLIMC) virtually attended the meeting along with others members.
