Loan for Women Entrepreneurs
A programme by NEDFi
A term loan for skilled women entrepreneurs aged 18 to 50 starting a venture or expanding an existing one in North East India.
At a glance
| Best for | Skilled women entrepreneurs aged 18 to 50 with a new or existing small business in North East India. |
|---|---|
| Duration | Repayment up to 84 months |
| Cost | Paid |
About Loan for Women Entrepreneurs
NEDFi's Loan for Women Entrepreneurs gives financial assistance to women taking up business ventures. Existing ventures can also use it for expansion, modernisation and diversification. It is a loan, not a grant.
What you get
- A term loan covering part of the project cost, with the promoter funding the rest
- Repayment of up to 84 months and a moratorium of up to 6 months
- Interest charged on a reducing balance
- No detailed project report needed for smaller loans
Who can apply
- Skilled women entrepreneurs aged 18 to 50
- Sole proprietors, partnership firms, LLPs and private limited companies
- New and existing MSMEs in manufacturing and services
- The project cost, including working capital, must stay within a cap set on the page
- Areas listed include handloom, handicraft, agriculture and allied, retail and food processing
The page shows more than one interest rate and processing fee. Confirm the current terms with NEDFi.
How to apply: Fill in the online loan application form on NEDFi's website. The state list in the form is limited to the eight north-eastern states.
Where to apply
Other NEDFi programmes
- North East Venture Fund (NEVF)A SEBI-registered Category I venture fund for startups, early stage and growth stage companies in North East India, managed by NEDFi's subsidiary NVCL.
- Manipur Startup Venture Fund (MSVF)A Category I venture fund for Manipur-based startups, with the Government of Manipur's Department of Planning as nodal agency and NVCL as investment manager.
- NRL Ideation Angel Fund (NRL IAF)A Category I angel fund managed by NVCL, with applications made on the Numaligarh Refinery Ideation portal rather than through NEDFi.
- Project FinanceA term loan for setting up, expanding, diversifying or modernising a manufacturing or services project in North East India.
- Loan for Existing & New BusinessA term loan for new and existing MSMEs in North East India, with the promoter funding a smaller share than under Project Finance.
- Working Capital LoanA one-time core working capital term loan for existing trading businesses based in North East India.