Working Capital Term Loan (WCTL) for Contract Finance
By NEDFi
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Quick Answer
Gap funding working capital term loan for eligible contractor firms/companies engaged in contract work execution in the North Eastern Region, provided by NEDFi.
Results & next round
Applications for this round are closed. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by NEDFi. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this loan
A Working Capital Term Loan (WCTL) for Contract Finance is a loan designed to assist businesses engaged in contract work by providing funds to cover operational expenses during the contract period. It addresses cash flow challenges that arise between incurring costs and receiving client payments. The loan is repaid in installments over a fixed term.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
The North Eastern Development Finance Corporation Ltd, known as NEDFi, is a development finance company based in Guwahati, Assam. It lends to micro, small, medium and large enterprises for industrial, infrastructure and agri-allied projects in North East India, and it also…
Learn moreBenefits & Funding
- Fund type
- Debt
- Repayment
- Repayable
What You Get
Working capital term loan provided as gap funding to cover operational expenses during the contract period, addressing cash flow gaps between incurring costs and receiving client payments.
Application Process
- 1
Submit Application
Submit application in prescribed format to Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006.
You
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the nature of assistance under WCTL for Contract Finance?
Working capital term loan assistance is given in the form of gap funding.
How is the interest rate determined?
Interest rate is fixed on the basis of prime lending rate with plus or spread as per the credit worthiness of the borrower, risk perception, rating and other relevant factors.
What security is required?
Additional security will be required to cover the loan.
Who can apply for this scheme?
Eligible contractor firms and companies.
How to apply?
Apply to Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.
Sources
Data on this page is compiled from official program and provider references.
