north-eastern-development-finance-corporaion

Loan for Women

Entrepreneurs

Processing Fee   Nil

Interest Rate -   UPTO 8 % p.a.

Loan for Women Entrepreneurs

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.

 Eligibility

  • Entity - Sole proprietors, Partnership firms, LLPs, Private Ltd.
  • Sector - Manufacturing & Services
  • Target Group - Skilled women entrepreneurs in the age group of 18 - 50 years.
  • Type of Unit - New & Existing MSME

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 Key Features

Rate of Interest

8 % PA

Repayment

Upto 84 Months

Nature of Assistance

Term Loan

 Security

  • Hypothecation of current assets of the unit.
  • Personal Guarantee of the Promoter(s)
  • Corporate Guarantee of Group companies, If applicable
  • Additional security as per availability.

 Other Terms & conditions

  • Project cost (including working capital) : Should not exceed Rs. 15 lakhs
  • Extent of Assistance: Maximum 75% of the project cost as Term Loan.
  • Promoter’s Contribution : Minimum of 25% of the Project Cost.

Key Area

Handloom

Handicraft

Agriculture & allied

Retail

Manufacturing

Services

Food Processing

Moratorium upto 6 months

Interest Calculation on Reducing Balance

No Detailed Project Report required for Loan upto 15 Lakhs