MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION
Providing medium to long term financial assistance for setting up of new expansion, diversification or modernisation of projects in manufacturing or services sectors.
Nature of Assistance
Normally, the Corperation considers maximum exposure of up to 12% of its net worth in a single project.
In case of consortium lending, the total debt component in the project may be decided by the consortium partners, but corporation restricts its maximum exposure to 12% of its net worth and rest of the loan requirement may be sanctioned by other consortium partners promotes contribution should be minimum of 35- 40% of the total project cost.
Who can apply?
Existing and prospective entrepreneurs can apply for the scheme. All the eight North-Eastern States are eligible.
How to apply?
Apply to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.