Working Capital Term Loan (WCTL)

North Eastern Development Finance Corporation Ltd. (NEDFi)

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Details

Amount

Amount Not Specified

Provider

North Eastern Development Finance Corporation Ltd. (NEDFi)

Type

grant

Stage

revenue Stage

About this Opportunity

A Working Capital Term Loan (WCTL) is a loan designed to provide businesses with a fixed amount of capital to support their day-to-day operational expenses and working capital needs, typically with a repayment period of 1 to 5 years. Interest is charged on the entire loan amount and is repaid in installments. Interest rate starts from 8 % p.a. Depending on the lender and the loan amount, WCTLs may require collateral.

Eligibility

The proposed unit for which financial assistance is sought should be located in any of the eight North-Eastern States.
Promoter margin would be a minimum of 25% of the projected one cycle of working capital requirement.
Maximum of 75% of the working capital requirement for one cycle of operation can be financed.

Application Process

Interested units should apply to NEDFi. Apply to Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.

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