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File No. SS-NL-BIZ-001 · Nagaland State Scheme · Finance Department, Government of Nagaland

Chief Minister's Micro Finance Initiative (CMMFI)

A bank credit-linked subsidy scheme built to make starting a farm-based or small enterprise venture in Nagaland genuinely affordable.

What this scheme offers

A farmer or entrepreneur in Nagaland with a genuinely viable project idea often runs into the same wall as anywhere else — banks want collateral or a track record that a new borrower simply doesn't have yet. CMMFI is designed around that specific gap: the beneficiary puts in just 10% of the project cost, a participating bank finances 60%, and the Nagaland government covers the remaining 30% as a back-ended subsidy, on top of extra interest subvention layered above what central schemes already provide. For entrepreneurs setting up micro and small enterprises, the scheme goes further with collateral-free credit up to ₹10 lakh and a 6-month moratorium before repayment starts — covering individual farmers, Self-Help Groups, Farmer Producer Organisations and entrepreneurs across agriculture, horticulture, animal husbandry, fisheries, MSMEs and more.

Who is eligible

  • Individual farmer, entrepreneur, Self-Help Group member, or Farmer Producer Organisation in Nagaland.
  • Proposing a viable, identified activity in agriculture, allied sectors, or MSME/entrepreneurship.
  • Able to contribute the required 10% beneficiary share (for subsidy-linked loans).

Documents required

  • Aadhaar card
  • Detailed Project Report (can be generated via the credit portal's guided tools)
  • Land records, where relevant to the project
  • Bank account details

How to apply

  1. Register on the Credit Portal (credit.nagaland.gov.in) and create your profile.
  2. Use the portal's guided tools to prepare a Detailed Project Report for your proposed activity.
  3. Submit your application through a participating bank, including Nagaland Cooperative Banks.
  4. Your proposal is reviewed by the District Level Implementation cum Monitoring Committee (DLIMC), headed by the Deputy Commissioner, which interviews applicants on project viability and their own experience/capacity.
  5. Once approved, bank finance and government subsidy are disbursed as per the scheme's structure; rejected applicants may reapply with a revised proposal at a subsequent DLIMC meeting.

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