Mizoram aims for 1% GDP share and Rs 16 lakh per-capita income by 2047

Mizoram Chief Minister Lalduhoma told participants of the Youth Entrepreneurship Summit (YES) 2026 in Aizawl that the state will work to increase its share of India’s gross domestic product from the current 0.1 per cent to 1 per cent by 2047 and raise per-capita income to Rs 16 lakh in the same period.

Ambitious economic target for 2047

Northeast Now reported that Mizoram accounts for around 0.9 per cent of the national population but contributes only about 0.1 per cent to the country’s GDP, prompting the tenfold target over the next two decades. The chief minister framed the goal as part of a broader development vision for 2047.

Schemes to support small and large enterprises

The chief minister highlighted the Chief Minister Special Package under the flagship Bana Kaih scheme, which provides financial assistance to individuals starting or expanding small businesses and a separate loan facility for larger enterprises. He said assistance is granted strictly on project merit, without favouritism or discrimination, and noted that, according to the government, no beneficiary has defaulted on loan repayment so far. The scheme is presented as a tool to encourage aspiring entrepreneurs across the state.

Agricultural support and insurance

Lalduhoma said the government has already begun grassroots efforts, including support prices for agricultural produce and insurance coverage for crops and livestock. These measures are intended to stabilise farmers’ incomes and create a stronger base for agro-based enterprises.

Innovation push and market promotion

The chief minister outlined several initiatives aimed at fostering start-ups, including an Innovation Facility Centre, Innovation Awards, a Venture Capital Fund and the Mizoram Start-up Mission. He observed a growing momentum in the micro, small and medium enterprises (MSME) sector, with young entrepreneurs establishing food-processing units that use locally produced agricultural commodities. Several permits were issued this year for manufacturing fruit beer from locally grown fruits. To promote locally made products, the government introduced the Mizoram Preferential Store Purchase Rule and opened a "Made by Mizo" kiosk in Delhi in August to showcase state-based entrepreneurs.

Prospects for dedicated financing

Addressing the need for easier credit, Lalduhoma said the government is considering setting up its own bank to ensure quicker access to finance for local entrepreneurs. He added that a committee has already been constituted to examine the proposal. During the summit, the chief minister launched 10 products developed by Mizo entrepreneurs and presented prizes to the winners of an Innovation Challenge, underscoring the administration’s focus on translating policy into tangible outcomes.