NEDFi
Government of India
North Eastern Development Finance Corporation providing financial assistance, venture capital through NEVF, and microfinance to enterprises in India's eight northeastern states.
Programs by NEDFi
4 past programs
Working Capital Term Loan (WCTL)
- - The proposed unit for which financial assistance is sought should be located in any of the eight North-Eastern States
- \n- Promoter margin would be a minimum of 25% of the projected one cycle of working capital requirement
- \n- Maximum of 75% of the working capital requirement for one cycle of operation can be financed
Working Capital Term Loan (WCTL) for Contract Finance
- - Eligible contractor firms and companies located in the North Eastern Region
- \n- Businesses must have established contracts, demonstrate adequate credit history and financial stability
- \n- Business must meet any additional requirements specific to the lending institution
NEDFi Equity Fund Scheme
- - Individual entrepreneurs or groups of entrepreneurs in the North Eastern Region
- \n- Must have a viable business plan offering above-average profitability and attractive returns
- \n- Promoters should hold at least 60% of the paid-up equity capital
NRL Ideation Angel Fund (NRL IAF)
- - Must be a DPIIT recognized startup and registered as a Private Limited Company
- \n- Scalable business models and sustainable competitive advantage
- \n- Significant growth potential
About NEDFi
North Eastern Development Finance Corporation Ltd (NEDFi) is a public limited company incorporated on 9 August 1995, headquartered in Guwahati, Assam. It provides financial assistance to micro, small, medium, and large enterprises for industrial, infrastructure, and agri-allied projects in the North Eastern Region of India, as well as microfinance through MFI/NGO channels.
In collaboration with the Ministry of Development of North Eastern Region (MDoNER), NEDFi has set up the North East Venture Fund (NEVF), a dedicated venture capital fund to encourage startup ventures in the region. NEDFi Venture Capital Limited (NVCL) acts as the investment manager, providing capital, nurturing, and handholding support to portfolio companies. NEDFi has sanctioned INR 766.47 crore and disbursed INR 547.11 crore for 5,338 projects in the NE region.
Who Benefits
Startups, MSMEs, and entrepreneurs in the eight northeastern states seeking project finance, venture capital, microfinance, and business development support for industrial, agricultural, and service-sector enterprises.
Who they work with
Stage
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Get in touch
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