• North Eastern Development Finance Corporation

    NEDFi offers financial support to the micro, small, medium, and large enterprises for establishing infrastructure and industrial projects in the North Eastern Region of India. It also provides microfinance through microfinance institutions (MFIs) and Non-Governmental Organisations (NGOs). Apart from providing financial assistance, NEDFi also offers consultancy and advisory services to private sector firms, state governments, and other agencies.

    Products Offered by NEDFi

    Name of the Scheme Interest Rate Debt Equity Ratio Upfront Fee
    Rupee Term Loan Scheme Prime Lending Rate (PLR) plus maximum spread of 3% p.a. Up to 1.85:1
    • 1% of the loan amount for loans up to Rs.10 crore
    • 0.75% of the loan amount for loans above Rs.10 crore
    Equipment Finance Scheme PLR plus maximum spread of 3% p.a. Up to 2.33:1 1% of the loan amount
    Corporate Finance Scheme - Up to 1.25:1 -
    Working Capital Term Loan Scheme PLR plus maximum spread of 3% p.a.
    • 1% of the loan amount for loans up to Rs.10 crore
    • 0.75% of the loan amount for loans above Rs.10 crore
    WCTL for Contract Finance Scheme Based on Prime Lending Rate - -
    Enterprise Development Scheme (EDS) 8% p.a. - 1% of the term loan sanctioned
    NEDFi Opportunity Scheme for Small Enterprises 8% p.a. payable monthly 2:1 onwards 1% of the sanction loan amount
    North East Entrepreneur’s Development Scheme 8% p.a. - 1% of the term loan portion of the assistance
    Women Enterprises Development Scheme 8% - 1% of the term loan portion of the assistance
    Micro Finance Scheme PLR plus 0.5% - -

    Rupee Term Loan Scheme

    Features

    • This scheme is meant to offer long-term financial assistance to set up new projects, expand, diversify, or modernise existing projects in the services or manufacturing sector.
    • The assistance offered will be in the form of rupee term loan.
    • The repayment of the loan can be done in a maximum of 8 years excluding the moratorium period.
    • The promoter must contribute 35% to 40% of the total project cost.
    • The business or project unit for which financial support is sought should be situated in any of the North-Eastern states.

    Equipment Finance Scheme

    Features

    • The scheme provides financial support to acquire specific equipment/machinery by financially strong and profit-making firms with a healthy credit record.
    • A maximum of Rs.10 crore can be availed under this scheme.
    • At least 30% of the equipment’s cost should be borne by the promoter.
    • The loan can be repaid in a maximum of 6 years.
    • The company seeking the loan should have been in business for at least 5 years and making profit for the previous 3 years.

    Corporate Finance Scheme

    Features

    • This loan can be availed to meet the working capital margin, capital expenditure, business acquisition, brand building, etc.
    • Corporates who have at least 3 years of profitable operations for NEDFi-assisted units are eligible to avail loans under this scheme.
    • Loans starting from Rs.50 lakh can be obtained under this scheme.
    • You can repay the loan within 5 years from the loan disbursement date and which includes the moratorium period.
    • To be eligible for the loan, the business unit should have a net worth of at least Rs.5 crore. In some cases, this may be lowered to Rs.3 crore.

    Working Capital Term Loan Scheme

    Features

    • Applicants can avail a loan of up to 75% of the business working capital requirement for one operation cycle.
    • Promoters must bear at least 25% of the working capital requirement of one project cycle.
    • The unit for which financial aid is sought should be situated in any one of the North-Eastern states.
    • The principal amount for the loan can be repaid after 18 months in one bullet repayment and the interest will be payable from the disbursement date.
    • The management of the business unit should be done by competent persons with a healthy track record.

    Enterprise Development Scheme

    Features

    • The loan can be availed to fulfil the working capital requirements of activities that generate income but excludes real estate/plantation/cultivation/contract works.
    • The maximum amount of loan that can be availed under this scheme is Rs.20 lakh.
    • The repayment of the loan should be done in a maximum of 7 years which includes the moratorium period and will be payable monthly.
    • The loan is available in the form of term loan.
    • The promoter of the unit should bear at least 25% of the project cost while for the rest, he/she can avail a loan under this scheme.

    NEDFi Opportunity Scheme for Small Enterprises

    Features

    • The scheme offers financial support for establishing new infrastructure/industrial projects and for modernisation/expansion/diversification of existing enterprises except for commercial real estates.
    • The cost of the project can go up to Rs.200 lakh.
    • A maximum of Rs.100 lakh can be availed as a working capital/term loan or a combination of both, under this scheme.
    • The repayment period for the loan can go up to 7 years which includes the moratorium period.
    • The primary security for loan under this scheme can be in the form of equitable mortgage of the project site, movable assets financed, and current assets for which the financial assistance is sought for.

    North East Entrepreneur’s Development Scheme

    Features

    • The scheme’s objective is to support first generation entrepreneurs in need of equity.
    • Borrowers under this scheme should repay the loan within 7 years.
    • The applicant should be technically qualified in the relevant field to be eligible for a loan under this scheme.
    • The loan availed under the scheme can be used to set up new projects, expand, diversify, or modernise existing business units.
    • The cost of the project can go up to Rs.50 lakh and applicants can borrow up to 75% of the project cost.

    Women Enterprises Development Scheme

    Features

    • Women entrepreneurs in the age group between 18 years and 50 years are eligible to avail this loan.
    • The scheme has been designed for women entrepreneurs to set up new business ventures or expand/modernise/diversify existing units.
    • The cost of the project should not be more than Rs.15 lakh and up to 75% of the project cost can be availed as a term loan under this scheme.
    • The repayment period of the loan ranges between 3 years and 7 years.
    • The promoter should contribute 25% of the project cost.

    Micro Finance Scheme

    Features

    • The scheme extends financial aid to voluntary agencies (VAs) and NGOs for on-lending individuals engaged in income-generating self-employment projects.
    • The microfinance institutions (MFIs) should have a healthy track record, be in the market for at least 3 years, have adequate financial management abilities, and have experience in developing joint liability groups (JLGs) and self-help groups (SHGs).
    • Applicants need to furnish loan agreement, promissory note, and deed of hypothecation to avail a loan under the scheme.
    • The loans can be repaid in a maximum of 5 years which includes the moratorium period.
    • The MFIs sanctioning the loans should comply with the regulations issued by the Reserve Bank of India (RBI).

    About NEDFi

    The North Eastern Development Finance Corporation Limited (NEDFi) is a public financial institution (PFI) that was registered as a Non-Banking Financial Company (NBFC) in 2002 with the Reserve Bank of India (RBI). The shareholders of NEDFi are SIDBI, IDBI, ICICI, SBI, IFCI, GIC and its subsidiaries, and SUUTI.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.