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NEDFi Opportunity Scheme for Small Enterprises NoSSE

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. 


Benefits of the scheme  

  • 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. 


Important Documents 

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 


How to apply? 

  • 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.

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