Working Capital Loan
A programme by NEDFi
A one-time core working capital term loan for existing trading businesses based in North East India.
At a glance
| Best for | Existing wholesale, retail and trading businesses in North East India that need working capital. |
|---|---|
| Duration | Repayment up to 84 months |
| Cost | Paid |
About Working Capital Loan
The Working Capital Loan gives deserving units one-time core working capital assistance in the form of a working capital term loan. It is a loan, not a grant.
What you get
- A working capital term loan covering part of the project cost, with the promoter funding the rest
- Repayment of up to 84 months, with interest on a reducing balance
- No detailed project report needed for smaller loans
Who can apply
- Sole proprietors, partnership firms, LLPs and private limited companies
- Existing businesses only, in areas such as wholesale, retail and trading
- The business establishment must be exclusively based in North East India
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.
- Loan for Women EntrepreneursA term loan for skilled women entrepreneurs aged 18 to 50 starting a venture or expanding an existing one in North East India.