Nagaland CM Neiphiu Rio launched many different Economic Empowerment Initiatives

Current Context: On November 27, 2024, Nagaland Chief Minister Neiphiu Rio launched several economic empowerment initiatives in Kohima.

These initiatives aim to boost Nagaland's tourism, transport, agriculture, and entrepreneurial sectors.
Key programs include:

Ura Cabs: A homegrown taxi aggregation platform designed to enhance travel experiences for tourists and provide stable income opportunities for local taxi operators.
Nagaland Tourism Connect – Hornbill Edition: Introduction of newly branded tourism vehicles to improve the state's tourism infrastructure.
Digital Piggery Insurance Scheme: An app-based initiative developed with the support of the Insurance Regulatory and Development Authority of India (IRDAI) and Tata AIG, ensuring efficient, cost-effective insurance processing for remote farmers.
Chief Minister’s Micro Finance Initiative (CMMFI): Offering up to 42% subsidies for vehicles procured for commercial use in Nagaland, helping local entrepreneurs and creating more job opportunities.

Question:

1 Under the Chief Minister’s Micro Finance Initiative (CMMFI), what subsidy is offered for vehicles procured for commercial use in Nagaland?