NEDFi has launched a scheme under the Ministry of Development of Northeastern Region (DoNER). Rupee term loan is initiated to increase the economic stability of the North-Eastern states by providing a platform to create entrepreneurs through a sustainable and productive MSME (Micro Small Medium Enterprises) sector.
There are two types of loans provided by the NEDFi through this scheme
Long Term Loans
Generally, The Corporation considers maximum exposure of up to 12% of its net worth for a single project.
In the case of consortium lending, the total debt component in the project may be decided by the consortium partners.
In the case of a corporation, this restricts its maximum exposure to 12% of its net worth and the rest of the loan requirement may be sanctioned by other consortium partners promotes contribution should be a minimum of 35- 40% of the total project cost.
The industry should be situated in any North-Eastern states that require upgradation in infrastructure, technology, and distribution outlets.
Any Individual, Group, or Consortium Lenders
Manufacturing and services sector operating in North-Eastern states
The manufacturing/production and services sector should be registered with the GST authority
All MSME and SME (Small Medium Enterprises) sectors
The RTL scheme is applicable to the following North-Eastern states:
Detailed Project Report
Documents of the company or the firm such as registration certificates, memorandum articles, etc.
Proof of documents related to the applicant, directors, associated companies, and assets
If the company has existed for more than a year, documents related to the balance sheet, financial ratios, and cash flow statement
Documents for proof such as PAN (Permanent Account Number) Card, Driving License, Net-worth, banking details and IT returns
The application must submit to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.
A Further process to avail of a loan
Step 1: Prepare the Detailed Project Report (DPR)
Step 2: Prepare a Project Proposal
Step 3: Organize the documents as required by NEDFi (mentioned above)
Step 4: Provide the Project Proposal and DPR to the project approval committee or the board of directors
Step 5: After approval of the project, pay the application fee amount.