The National Bank for Agriculture and Rural Development (NABARD) set the stage for Mizoram's financial future this week. Its regional office in Aizawl successfully conducted the pivotal State Credit Seminar for the fiscal year 2026-27. The event, held at the assembly conference hall, saw the unveiling of a comprehensive credit blueprint aimed at accelerating the state's growth.
Chief Minister Unveils Ambitious Financial Roadmap
Chief Minister Lalduhoma took center stage to release the crucial State Focus Paper (SFP) for 2026-27. This document charts a detailed financial course, projecting a substantial credit outlay of Rs 4,349.71 crore earmarked for Mizoram's priority sectors. In his address, the CM underscored the transformative impact NABARD has had on the state's progress, crediting the institution for supporting numerous developmental initiatives.
Spotlight on Key Development Projects
Lalduhoma provided concrete examples of ongoing and upcoming projects backed by NABARD's support. He pointed to significant advancements in renewable energy, noting that the 10-MW Thenzawl Solar Power Plant in Serchhip district is in its final stages of completion. Furthermore, plans are underway for a new 5-MW solar power project in Sumsuih, located in Aizawl district.
Another flagship initiative receiving strong impetus is the Chief Minister's Rubber Mission. The program witnessed substantial activity last year with the planting of 4.5 lakh rubber saplings. Building on this momentum, the state has set an even more ambitious target for the current year, aiming to plant over 11 lakh saplings to boost rural economy and create sustainable livelihoods.
Mizoram's Strides in Sustainable Development
The Chief Minister also referenced the latest NITI Aayog Sustainable Development Index report, which reflects Mizoram's commendable improvements. The report highlights the outstanding performance of several districts within the Northeast region. Hnahthial district secured the top rank, followed by Champhai in second place. Kolasib district also featured prominently, achieving the ninth position, signaling widespread developmental gains across the state.
The seminar served as a strategic platform aligning banking priorities with the state's economic goals. The outlined credit outlay of nearly Rs 4,350 crore is expected to fuel growth in agriculture, rural infrastructure, and other key sectors, paving the way for a more prosperous and sustainable Mizoram.
