To provide long term financial assistance for setting up a new industrial and infrastructure projects as well as for expansion, diversification or modernization of existing industrial enterprises excluding Commercial Real Estates.
To encourage local small entrepreneurs of North East India in setting up industrial units with reduced cost of fund and thus help in fast paced economic development.
Project cost above Rs. 50.00 lakhs and upto Rs.200.00 lakhs
Loan component up to maximum Rs. 100.00 lakhs in the form of Term loan or Working Capital or Combination of both.
Minimum Debt Equity Ratio 2:1.
RATE OF INTEREST:
8% per annum payable monthly basis
1% of the sanction loan amount.
Maximum 7 years including moratorium period
- Equitable mortgage of the project site/ Lease hold right
- Hypothecation of movable assets financed
- Hypothecation of current assets in case working capital assistance is given
B) Collateral/ Guarantees/ Other securities: - As decided by the concerned authorities
As per standard norms of NEDFi