The ruling Mizoram Pradesh Congress Committee (MPCC) today said that the state government has formulated a new economic development programme called 'the Way Forward'.
Leaders of the MPCC Media Department said that the new programme would upgrade the subsistence (tribal) economy to market economy system.
With the new economic policy in place, the agriculture and allied services would no longer be dependent on marginal farmers, scientific farming would be introduced and agri-business would be encouraged by reining in the educated youth in the agricultural sector.
"There would be minimum intervention from the government which would only act as a facilitator and arrange market linkage for the surplus products of agriculture and allied services, they said.
The Congress leaders claimed that the debt of the state government, which was 110.44 per cent of the Gross State Domestic Product (GSDP) in 2004-05 had went down to 46.91 per cent of the GSDP in 2014-15.
The government money kept in civil deposits to the tune of thousands of crores of rupees has gone down to Rs 729.45 crore in December 2015, they said.
