Availability of affordable credit is essential for an
individual to harness his or her skills to run businesses, create livelihoods and in the case of
poor, fight poverty. There are a number ofcentral government schemes that are being implemented
in the State, in the agriculture and allied sectors as well as aimed at small entrepreneurs,
individuals and Self-Help Groups. Despite this, the offtake of credit to others than to the
government sectors has, however not been as per expectations.
With a view to encouraging credit for carrying out economic activities, the omnibus scheme under
the name and nomenclature of CM’s Micro Finance Initiative has been approved by the
Government.
We offer a range of financial services designed to support your
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Chief Minister's Micro Finance Initiative.
Tracking of applications under PM JanSamarth
Credit Outreach Facilitation Unit
Self-Help Groups, Farmer Producer Organizations, and Individuals for identified activities.
With a view to encouraging credit for carrying out economic activities, the omnibus scheme under the name and nomenclature of CM’s Micro Finance Initiative has been approved by the Government. The Scheme will provide for interest subvention or subsidy for credit extended by banks to new borrowers under the category of Self-Help Groups, Farmer Producer Organizations, and Individuals for identified activities.
Under the Chief Ministers Micro Finance Initiative (CMMFI), the Beneficiary has to provide 10% of the proposed project cost and will seek Bank Finance of 60%. The remaining 30% will be provided as Back-ended Subsidy from Government of Nagaland.
Address: Finance Department, Nagaland Civil Secretariat, Kohima
Phone: +91 9436030303
Email: credit.fin-ngl@gov.in
Office Hours: