MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION
Providing finance such as normal capital expenditure, working capital margin, short fall in working capital, repayment of high cost debt and general corporate purpose like funding of business acquisition or for brand building, etc., where no tangible asset creation may be envisaged.Extent of AssistanceMinimum exposure would be Rs.50 Lakh and maximum exposure shall be as per the exposure norms of the Corporation.
- Corporates with minimum 3 years of profitable operations for NEDFi assisted units. Further, the unit should have minimum 5 years of operations in case of other units.
- The unit should have good repayment track record in case of NEDFi assisted units. In case of other units, the company as well as the group companies should have good track record with Banks or FIs.
- The unit should have a minimum Net worth of Rs.5 crores (Only equity and reserves to be included). Net worth criteria may be lowered to Rs.3 crores depending on merit of the case in deserving cases keeping in view the small size of projects in NE region. Criteria with objectivity to be worked out for ascertaining net worth limit.
How to apply?
Apply to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006.
For more details, click here: https://www.nedfi.com/node/342