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Initiative for Development of Entrepreneurs in Agriculture (IDEA)

(NEDFL Schemes) MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION

The scheme intends to promote agri-business ventures in the North-East Region and assist in establishing agri-business as a profitable venture. It also provides gainful employment opportunities and makes available supplementary sources of input supply and services.

 

Extent and Nature of Assistance
  • Composite loan comprising Term Loan and Working Capital.

 

  • Financial assistance will be extended on need basis, depending upon the nature of the projects and competence of the promoters.

 

  • Maximum project size could be Rs.25 lakhs.

 

  • Term Loan from NEDFi = Maximum upto 75% of the project cost.

 

  • The promoter’s contribution will be at least 25% of the project cost.
Eligibility Criteria
  • Graduates and Post graduates in agriculture and allied subjects

 

  • Graduates, Post-graduates from other disciplines having experience and skill to undertake Agri Business ventures can also be considered.

 

  • The proposed units could be proprietorship, partnership or a company.

 

  • The promoter or their units must not be a defaulter in any government scheme and /or with any bank or any other agencies.

 

  • The proposed unit for which financial assistance is sought should be located within any of the eight North-Eastern States.
How to apply?

Apply to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.

 

 

For more details, click here: https://www.nedfi.com/node/97

 

North Eastern Development Finance Corporation Limited. NEDFi House G. S. Road, Dispur, Guwahati Assam. PIN - 781006

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