North Eastern Development Finance Corporation Ltd.

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Project Finance

Women Enterprise Development Scheme (WEDS)

Women have always played an important role in socio economic development of the society since ancient times. In the North East, they enjoy a special status in the society because of their entrepreneurial desire & ability, hard working nature and matrilineal society in some areas of the region Moreover, women of the region enjoy a comparatively higher status in society because of the liberal social outlook of the region. They contribute significantly to the development of the society. NEDFi, as a financial institution has been working for the economic upliftment of the women in the region by providing them training and financial assistance under Micro Finance Scheme (MF), North East Equity Fund Scheme (NEEF), Scheme for North East Handloom and Handicrafts (SNEHH), Jute Enterprises Development Scheme (JEDS) etc. Though women are engaged in various activities on their own in various areas yet financial assistance often remains a bottleneck for taking up new ventures or expansion of existing ventures. As NEDFi is committed to the development of the region, a special scheme has been prepared exclusively for women entrepreneurs at liberal terms and conditions wherein financial assistance would be provided for any viable income generating activity. It is expected that the scheme will go a long way in helping the women for taking up business ventures and will lead to economic development of the region. Objective To provide financial assistance to women entrepreneurs for taking up business ventures. Existing business ventures will also be eligible under the scheme for expansion, modernization and diversification. Target Group Skilled women entrepreneurs in the age group of 18 - 50 years.

NEEF

Eligibility Any viable income generating activity including small business trade Nature of Assistance Soft loan and Term loan Extent of Assistance Soft loan: 25%, Term loan: 60%. Project cost (including working capital) Should not exceed Rs. 5.00 lakh Promoters Contribution Minimum 15%. Security First charge on assets financed by the Corporation. Eligible units will be covered under CGFTSI (Credit Guarantee Fund Trust for Small Industries). Rate of Interest Soft loan: Service charge @ 1%. Term loan : At PLR Repayment 3 -7 years. Documentation As per usual procedure of the Corporation

Micro Finance

Working Capital Term Loan

Equipment Finance

JEDS

WEDS

SNEHH

How To Apply

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