NEDFi Opportunity Scheme for Small Enterprises

OBJECTIVE:
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.
PURPOSE :
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:
Project cost above Rs. 50.00 lakhs and upto Rs.200.00 lakhs
LOAN AMOUNT:
Loan component up to maximum Rs. 100.00 lakhs in the form of Term loan or Working Capital or Combination of both.
DEBT-EQUITY RATIO:
Minimum Debt Equity Ratio 2:1.
RATE OF INTEREST:
8% per annum payable monthly basis
UPFRONT FEE:
1% of the sanction loan amount.
REPAYMENT PERIOD:
Maximum 7 years including moratorium period
SECURITY:
A) Primary:-
- 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
DOCUMENTATION:
As per standard norms of NEDFi