'The Mizoram government has demonstrated strong political commitment to undertake financial reforms. ADB is pleased to support these efforts,' said Ashok Sharma, director of the financial sector, public management and trade division of ADB's South Asia department.

Sharma added that the reforms would 'support, among other things, improvements to the state health insurance scheme by targeting more efficient service in a cost-effective manner'.

Revamping the state's costly pension scheme is another priority, while the MPRMP would seek to overhaul loss-making public sector enterprises, he added.

According Vanlalruata, funds would also be allocated for a voluntary retirement scheme for under-qualified teachers in primary and secondary schools as part of ongoing efforts to improve the education sector.