Sunday, January 29, 2023

Chief Secretary J Alam reviews implementation of CMMFI scheme

Chief secretary J Alam held a video conference (VC) with deputy commissioners (DC), who are also chairmen of District Level Implementation-cum-Monitoring Committees (DLIMC), and bank representatives to review implementation of Chief Minister’s Micro-Finance Initiative (CMMFI) on Thursday.
Issues pertaining to implementation of CMMFI Scheme were discussed threadbare at the meeting where the chief secretary pointed out that the scheme was one of the two flagship programmes of the State government – the other being Chief Minister’s Health Insurance Scheme (CMHIS).
He asked all DCs to give top priority and lead from the front in implementing CMMFI, besides conducting awareness programmes in their respective district by December 15.
He appreciated Wokha district for playing a proactive role in creating awareness and receiving applications for scrutinising and approval. He encouraged other districts to follow suit and also create district facilitation centres with members drawn from agri and allied departments to expedite implementation of the scheme.
Alam also directed the lead bank to issue fresh directives to all bank branches regarding their role and responsibility in the implementation of CMMFI scheme so as to ensure timely disbursal of loans to the beneficiaries.
Development commissioner Amardeep S Bhatia, who too participated in the VC, gave a brief highlight of CMHIS and asked the DCs to ensure saturation of registration of all government employees and public under the health insurance Scheme so that health cards could be issued to all before the election process began.
Agriculture production commissioner (APC) Y Kikheto Sema, who too was present, asserted that CMMFI Scheme was a first-of-its-kind scheme in the State where 60% of the loan component was provided by the banks and the State government provided 30% of the total project cost as a back-ended subsidy, while the beneficiary had to contribute just 10% of the project cost.
In addition to this, he said Kisan Credit Card (KCC) holders would have the additional benefit of a 4% interest subvention by the State government. He disclosed that the total cost of CMMFI Scheme would be around Rs 217, out of which Rs 65 crore was subsidy from the State government, Rs 130 crore from the bank and Rs 22 crore was beneficiary contribution.
He mentioned that the scheme was expected to generate employment opportunities for about 1,500 unemployed youth.
The DCs assured of organising awareness campaigns before December 15, 2022 and give maximum efforts for the success of the flagship programme.

Must Read