Women Enterprise Development Scheme (WEDS)
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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.
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
Promoter’s
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
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