Nagaland Chief Secretary reviews implementation of CMMFI scheme

Dimapur, Dec. 8 (EMN): Nagaland Chief Secretary, J Alam, has called upon all the deputy commissioners in the state to give top priority and lead from the front in implementation of Chief Minister’s Micro-Finance Initiative (CMMFI) scheme and to conduct awareness programmes in their respective district by December 15.

Alam stated this during a review meeting of the implementation of CMMFI scheme held on December 8 in the conference hall of the chief secretary with senior officials from the state government and the banks. A DIPR report stated that the deputy commissioner of Kohima, who is the chairman of the district-level implementation-cum-monitoring committee (DLIMC) also attended along with the members through a video conference.

Speaking in the meeting, Alam apprised that CMMFI scheme was one of the two flagship programmes launched by the state government in addition to the Chief Minister’s Health Insurance Scheme (CMHIS). He, therefore, asked all the deputy commissioners to give top priority and lead from the front with regard to its implementation. He also directed the deputy commissioners to conduct awareness programmes in their respective district by December 15.

He has appreciated Wokha district for the proactive role played in creating awareness and receiving applications for scrutinising and approval. He also encouraged other districts to follow suit and also create a district facilitation centre with members drawn from the Agri and Allied departments in order to expedite the implementation of the scheme.

Also speaking in the meeting, the development commissioner, Amardeep S Bhatia, has highlighted on CMHIS and asked the deputy commissioners to ensure registration of all government employees and public under the health insurance scheme.

The APC, Y Kikheto Sema, informed that CMMFI scheme is a first-of-its-kind in the state where the loan component of 60% would o be provided by the banks and 30% by the state government of the total project cost as a back-ended subsidy and the beneficiary have to contribute just 10% of the project cost.

In addition, he stated that KCC holders would have the additional benefit of 4% interest subvention by the state government. He also stated that the total cost of the CMMFI scheme would be around INR 217.00 crore, out of which INR 65.00 crore is subsidy from the state government, INR 130.00 crore from the bank, and INR 22.00 crore as beneficiary contribution. The CMMFI is expected to generate employment opportunities for about 1500 unemployed youth, it informed.

Meanwhile, it stated that the deputy commissioners have assured to organise awareness campaigns before December 15 and give maximum efforts for the success of the state flagship programme.

The chief secretary further 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.