Kohima: Presenting the budget for 2022-23 on Tuesday, Nagaland chief minister Neiphiu Rio announced three new schemes, namely the Chief Minister’s Microfinance Initiative, Target Champion Scheme (TACS), and the Chief Minister’s Health Insurance Scheme.

Scheme for farmers and entrepreneurs:

To facilitate credit flow to hard-working farmers and young entrepreneurs, Rio said that the Chief Minister’s Micro Finance Initiative will be introduced this year, for which an amount of Rs. 65 crore is earmarked for the scheme.

The scheme is aimed to make credit more affordable and available to individuals, Self Help Groups and Farmer Producer Organisations. To do so, he said that the government will provide for either subsidy or interest subvention against identified activities in the agriculture & allied sector including processing units, handicrafts and small-scale manufacturing units.

Additional interest subvention over and above what is being provided in the existing Central Government schemes will be provided. The scheme will help increase farmers’ incomes, promote credit discipline, encourage private enterprise and improve the agri marketing network and infrastructure in our State.

The selection of the beneficiaries will be through the District Level Selection Committees and wherever required, the Village Councils shall act as the guarantor. The detailed framework of the scheme is to be notified separately.

Chief Minister’s Health Insurance scheme

As a major step towards universal health coverage for all the citizens of Nagaland, Rio announced that government will launch “The Chief Minister’s Health Insurance Scheme” by September this year.

The scheme will provide citizens with hospitalization insurance cover of upto Rs 5 lakh per annum, irrespective of the family income and will provide cashless services for predefined packages covering secondary and tertiary care procedures at empanelled Government or private hospitals, both within and outside the State.

While details of the scheme are to be notified later, it was informed that the scheme will be limited to one person in a family.

Scheme for sportspersons:

To enhance performances of sportspersons, CM Rio announced that a new scheme called “Target Champion Scheme” (TACS) will be introduced where scholarships for training and development will be given for specific periods of time to ensure that the state produces champions at the highest levels of sport.

While no further details were provided about the scheme, the chief minister said that sports academies and Centres of Excellence will also be developed in selected prioritized sports disciplines with the collaboration of the State Sports Associations and the Olympic body to support sportspersons in the state.

Launch of grants announced in the previous budget:

In the previous budget, two new grants under the chief minister’s office—Chief Minister’s Grant for Journalism, and the Chief Minister’s Research Grant—to empower a vibrant fourth estate, and support advancement of science through research respectively, were introduced.

However, the grants could not be implemented due to the pandemic restrictions. “But we are now prepared to launch them during the coming months,” the chief minister assured on Tuesday.

Nagaland budget 2022: CM presents Rs 2212.74 crore budget deficit


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