NEDFi Rupee Term Loan (RTL)

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  

• Medium Loans 

• Long Term Loans 

Nature of Assistance 

• 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. 

Eligibility Criteria 

• 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: 

• Sikkim 

• Arunachal Pradesh 

• Assam 

• Meghalaya 

• Nagaland 

• Manipur 

• Tripura 

• Mizoram 

Documents Required for Project Approval 

• 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 

How to apply? 

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.