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