Equipment Finance

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MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION

This scheme intends to provide financial assistance for acquiring specific machinery/ equipment by financially sound and profit making companies having good credit record. The proposed unit should be located in any of the eight North Eastern States.

Extent of Assistance

  • Maximum 70% of cost of equipment plus taxes/duties, transportation and installation charges.
  • Minimum: Rs.25 lakh
  • Maximum: Rs.10 Crores

Eligibility Criteria

  • The proposed unit for which financial assistance is sought should be located within any of the eight North-Eastern States.
  • The proceeds of the term loan should be deployed in creation of fixed assets which will ultimately generate revenues for the unit.
  • Financially sound companies
  • Should be in the operation for a period of 5 years and should be making profit for the last three years.
  • Must have a good credit track record.

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/341

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