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NEDFi Project Cycle
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NEDFi offers a wide
variety of financial products for industrial, infrastructure,
agro-horticulture, fishery and animal husbandry projects in the
North East of India. The project cycle illustrates the stages a
business idea goes through as it becomes a NEDFi-financed project.
Application for NEDFi
Financing
- A company or entrepreneur
seeking to establish a new venture or expand an existing
enterprise can approach NEDFi directly. This is best done by
reading how to apply.
- After these initial contacts and a
preliminary review, NEDFi may proceed by requesting a Business
Plan/Project Report to determine whether or not to appraise
the project.
Project Appraisal
- Typically, an appraisal team
consists of a team of officers with financial, technical expertise
and knowledge of the sector and state in which the project is
located..
- The team is responsible for
evaluating the technical, financial, economic and environmental
aspects of the project. This process entails visits to the
proposed site of the project and extensive discussions with the
project promoters.
- A detailed appraisal memorandum is
prepared for submission to the Credit Committee/Directors as the
case may be.
Credit Committee/Directors
Committee Review and Approval
- The project is submitted to NEDFi's
Credit Committee/Directors Committee, which reviews the appraisal
memorandum for approval/sanction.
Legal Documentation
Disbursement of Funds
- Funds are disbursed under the terms
of the legal commitment signed by all parties.
Project Supervision
- Once funds have been disbursed,
NEDFi monitors its projects closely. It sends field missions to
visit the enterprise. It also requires quarterly progress reports
together with information on factors that might materially affect
the enterprise in which it has invested, including annual audited
financial statements.
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