Launched by the Ministry of Development of North Eastern Region, the scheme looks to invest in projects that are promoted by entrepreneurs in the North-Eastern Region. However, the entrepreneurs must have strong business ideas that provide a potential for high growth when compared to a normal investment.
Nature of Assistance
The investment that can be made in a single project can range between Rs.50 lakh and Rs.3 crore. Assistance is provided for core assets that are required for commercial operations, work capital that is required to start the operations, and project cost.
Equity Fund Scheme Eligibility Criteria
The eligibility criteria that must be met in order to avail the benefits of the scheme are mentioned below:
- An individual entrepreneur or a group of entrepreneurs can avail the scheme.
- The applicant must have a strong business plan.
- The returns of the investment must be high.
NEDFi Process to Apply
The application must be sent in the prescribed NEDFi format to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati, 781006.
For more details on the scheme, you can visit https://www.nedfi.com/node/345.
