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The government of Mizoram has launched a new "handholding" scheme in partnership with banks to support the growth of small and medium enterprises (SMEs) and boost the state’s economic growth. The initiative aims to provide financial assistance, mentoring, and technical support to local businesses, encouraging entrepreneurship and job creation. This collaboration between the government and financial institutions is expected to strengthen the business ecosystem in Mizoram, improving access to capital and reducing the barriers faced by SMEs. The scheme will also focus on capacity building and financial literacy for entrepreneurs.