CM Unveils Rs 100 Cr Venture Fund to Boost Mizoram Startups

• Mizoram CM launched the Bana Kaih Venture Capital Fund and Startup Readiness Level framework
• The ₹100 crore fund includes ₹20 crore from the state, with the rest from external sources
• SEBI-registered Senhri Investment Fund will back scalable, skill- and tech-driven startups

Mizoram Chief Minister Lalduhoma recently launched the Mizoram Bana Kaih (Hand Holding) Venture Capital Fund along with the Startup Readiness Level (SRL) framework under the Mizoram Startup Mission.

The Planning and Programme Implementation Department will execute the initiative through its partnership with the Department for Promotion of Industry and Internal Trade (DPIIT), which will enhance the state startup ecosystem through this initiative.

The chief minister explained to the audience that Mizoram has always produced talented individuals who develop innovative ideas, but most entrepreneurial projects encountered failure because the region lacked essential business support systems.

He pointed out that entrepreneurs encounter difficulties because they struggle to obtain startup funding and they receive insufficient guidance while they lack knowledge about constructing businesses that can grow and exist over time.

Lalduhoma wanted to show how the Bana Kaih Venture Capital Fund works to solve existing issues which have existed for many years. He described the fund as an investment which operates through trust and confidence because it will assist high growth entrepreneurs.

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Startups which develop scalable business models and create innovative products and operate technology-based businesses will receive the highest priority.

Mizoram Startup Mission CEO Lalrinzuala provided fund information about the Bana Kaih Venture Capital Fund which aims to reach a total fund size of Rs 100 crore. The Mizoram government has pledged to provide Rs 20 crore while the rest of the money will be obtained through other funding sources.

He said the pooled fund will be registered with the Securities and Exchange Board of India (SEBI) as a trust named the Senhri Investment Fund, with reputed operating partner companies engaged for its management.

Lalrinzuala stated that the fund will operate according to SEBI regulations while providing legally compliant financial assistance to entrepreneurs in Mizoram who want to start new businesses or expand their existing operations.