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