Initiative for Development of Entrepreneurs in Agriculture (IDEA)

Initiative for the development of entrepreneurs in agriculture (IDEA) is a scheme of NEDFL initiated by the ministry of development of the northeastern region. This scheme promotes the agri-business sector in the northeast region and assists in establishing agri-business as profitable. It also provides employment opportunities. It makes available supplementary sources of input supply and services. 

Eligibility Criteria 

• Any Graduates and Postgraduates in agriculture and allied subjects 

• Any Graduates, Postgraduates from other disciplines having experience and skill to undertake Agri-Business ventures can also be considered. 

• The proposed units could be proprietorships, partnerships, or a company. 

• Any promoter or their units must not be a defaulter in any government scheme and /or with any bank or any other agencies. 

• The proposed unit for which financial assistance is sought should be situated within any of the eight North-Eastern States. 

Extension of aid 

• Composite loan comprising Term Loan and Working Capital. 

• Financial assistance will be extended on a needy basis, depending upon the nature of the projects and the competence of the promoters. 

• The Maximum project size can upto Rs.25 lakhs. 

• A Term Loan from NEDFi is a Maximum upto 75% of the project cost. 

• The promoter’s contribution will be at least 25% of the project cost. 

How to apply? 

The application must submit to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the specified format of NEDFi.