North Eastern Development Finance Corporation Ltd (NEDFi) was incorporated as a public limited company under the Companies Act, 1956, on August 9, 1995 with an authorized capital of Rs 500 crores and a paid up capital of Rs. 100 crores. It was notified as a public financial institution in July 1996 under Section 4-A of the Companies Act 1956. NEDFi is also categorized as Non-Banking Financial Company (NBFC)-Loan Company and was registered with the Reserve Bank of India (RBI) on 20.12.2002.
The Corporation has framed its vision, mission statement and core values as given under:
“To be the most preferred and trusted financial institution, excelling in customer service delivery through committed, caring and empowered employees”
“To be a dynamic and responsive organization catalyzing economic development of the North Eastern Region of India by identifying and financing commercially viable industries, providing valued advisory & consultancy services, promoting entrepreneurship through effective mentoring, skill development and capacity building of the micro, small and medium enterprises and generating sustainable livelihoods through Micro Finance and CSR activities”
-- Customer satisfaction by providing quality, timely and effective services and fairness in dealings.
-- Maximization of stakeholders’ value.
-- Success through team work, innovation, integrity and people
Motto: “Championing the entrepreneurial spirit of the North East”