NEDFi Equity Fund Scheme

North Eastern Development Finance Corporation Ltd. (NEDFi)

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Details

Amount

₹50 lakh - ₹3 crore

Provider

North Eastern Development Finance Corporation Ltd. (NEDFi)

Type

grant

Stage

early Stage

About this Opportunity

The NEDFi Equity Fund Scheme aims to contribute to the development of entrepreneurship in the North Eastern Region (NER) by investing in projects with sound business ideas and the potential for high growth and above-average returns on equity-related investments. Investments are typically made in the form of equity or convertible debentures.

Eligibility

Individual entrepreneurs or groups of entrepreneurs in the North Eastern Region.
Must have a viable business plan offering above-average profitability and attractive returns.
Projects should ideally be based on the natural resources and agriculture of the NER or in sectors like IT, Biotechnology, or other frontier technology services with strategic importance in the region.
Promoters should hold at least 60% of the paid-up equity capital.
Maximum Debt-Equity ratio of 1.5:1 for convertible debentures.

Application Process

Applicants are requested to fill out the application form available on the NEDFi website (https://www.nedfi.com/) and submit it to the Chairman and Managing Director, NEDFi, at their Guwahati address. Further details and the application form can be found on the website.

Apply Online