In a significant boost to Mizoram’s financial position, Chief Minister Lalduhoma on Thursday announced that the state’s cash balance has more than doubled over the past year, reaching Rs 1,093 crore with the Reserve Bank of India (RBI) as of April 1, 2025.
Speaking at an event in Aizawl, Lalduhoma attributed the surge in reserves to strict austerity measures adopted by his government. The state had a closing cash balance of Rs 520 crore at the end of the 2023-24 fiscal year, which itself was an improvement over earlier years when balances typically hovered around Rs 100–200 crore.
“In spite of fiscal challenges, we retained a cash balance of Rs 1,093 crore. This is a clear sign of financial prudence,” the CM said. He noted that Mizoram previously struggled with negative balances, particularly when salaries and pensions were released in early April.
The Chief Minister, who also holds the finance portfolio, emphasized that his government has avoided overdrafts since taking office, with only one exception since December 8, 2023, when the Zoram People’s Movement (ZPM) came to power. Lalduhoma also underlined his administration’s anti-corruption stance, asserting that no ministers, MLAs, or officials have been implicated in graft in over 15 months of governance.
