Mizoram Govt to Roll Out ‘Bana Kaih’ Scheme for Laborers' Financial Upliftment

AIZAWL: Mizoram Labour Minister Lalnghinglova Hmar has said that the state government is set to roll out the ‘Bana Kaih’ (Handholding Scheme), aimed at improving the financial well-being of laborers.

Speaking at the nationwide conference of state ministers, secretaries, and important officials of the labor department held in New Delhi from January 29 to January 30, Hmar said that the Zoram People’s Movement (ZPM) government headed by chief minister Lalduhoma is making massive efforts to develop labor in the state.

The ‘Bana Kaih’ program, which was launched last year in September, is aimed at extending financial support and assistance to entrepreneurs and farmers. He said the handholding scheme will be implemented through the Mizoram Building and Other Construction Workers Welfare Board (MBOCWWB) to uplift the laborers.

Union Labour Minister urged Mansukh Mandaviya to give some relaxation regarding the implementation of labor laws. The initiative aligns with the national vision of a “Viksit Bharat” (Developed India) and contributes to the United Nations Sustainable Development Goals (SDGs). It features five key components, with its main attraction being collateral-free and interest-free bank loans for eligible beneficiaries.

The state government has partnered with banks to offer loans up to Rs 50 lakh, with the government serving as the guarantor under national credit guarantee schemes. Beneficiaries who consistently repay their loans may also receive interest subvention up to 100%, encouraging timely loan repayment while reducing financial burden.

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