Northeastern Development Finance Corporation Ltd. (NEDFi) Opportunity Scheme for Small Enterprises (NoSSE) is a scheme launched by the Ministry of Development of Northeastern Region. The scheme aims to give financial assistance to small start-ups in the northeastern region. The Northeastern Development Finance Corporation Ltd (NEDFi) provides loans at a subsidized rate to all eligible entrepreneurs.
NEDFi Opportunity Scheme’s objective is to help first-generation entrepreneurs who need financial support to establish their start-ups. It also provides financial assistance for new projects in Micro and Small Enterprises.
Loans under the NoSSE scheme may be provided as either Term Loans, Working Capital, or a combination of both. The amount of financial assistance as a loan under the scheme depends on the cost of the project.
The NEDFi Opportunity Scheme for Small Enterprises (NoSSE) provides entrepreneurs can get up to INR 1 Cr as a loan.
If the project cost exceeds Rs.50 lakhs and is under up to Rs.200 lakhs such entrepreneurs can apply for financial assistance. Enterprises should have a minimum debt-equity ratio of 2:1 to apply under the scheme of NEDFi.
The following documents need to be submitted to NEDFi before disbursement of financial assistance:
Affidavit and Indemnity Bond
Latest Sales Tax Clearance Certificate
Latest Income Tax Clearance Certificate or Copy of the latest ITR
Latest Audited Balance Sheet
The resolution by the Board of Directors of the Company about signing authority or copy of partnership deed if it is a partnership firm
Money receipt with revenue stamp
No dues certificate from ATPPF authority (for tea estates only)
PAN Card copy
Details of Bank account with IFSC code Details of Bank account with IFSC code
Eligible candidates can apply for loans to the Chairman and Managing Director of NEDFi, G.S. Road, Dispur, Guwahati 781006 in the given format of NEDFi.