Nagaland’s Chief Minister’s Micro Finance Initiative 2.0 (CMMFI 2.0) has been unveiled, opening a gateway of opportunities for aspiring entrepreneurs and farmers across the state. Designed to provide holistic financial support, the initiative offers subsidies, tailored financial solutions, and innovative project support to turn ideas into reality.
Diverse Opportunities for Entrepreneurs
CMMFI 2.0 covers a wide spectrum of entrepreneurship ventures, including but not limited to:
Retail: Provision stores, general stores, and pharmacies
Services: Auto garages, mobile food units, gyms, saloons, and craft industries
Transport: Two-wheeler and four-wheeler taxis, ambulance services, and commercial vehicles
Innovation: Hydroponics, software/BPO, and e-commerce delivery centers
Hospitality: Homestays, cold storage, and bakery & cafeteria
Agriculture: Customized finance for agriculture projects following NABARD guidelines
A complete list of eligible projects is available in the CMMFI booklet at www.credit.nagaland.gov.in.
Exclusive Subsidies on Commercial Vehicles: In a boost for logistics and transport-related ventures, CMMFI 2.0 has partnered with leading automobile brands to offer special benefits:
Tata Motors: Discounts on Tata Yodha models
Maruti Suzuki Nexa: Options including Ertiga Tour, XL6, and EECO
Kia: Premium models like Kia Carens
Mahindra: Rugged vehicles for tough terrains
Eligible beneficiaries can access up to 30% back-ended subsidies on vehicles, with applications open under programs like Nagaland Tourism Connect and Nagaland Logistics Connect.
Simplified Application and Support
The initiative provides comprehensive support, including Detailed Project Report (DPR) preparation, application assistance through the credit portal, and financial institution linkages. Applicants can visit Swavalamban Connect Kendras (SCK) located at district DC office premises or contact the Credit Facilitation Outreach Unit at 9436030303
For further assistance or grievance redressal, reach out to the CMMFI Facilitation Cell at credit.fin-ngl@gov.in or call 9077175990.
