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
- 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