How can I get a loan from NEDFi?

Corporates who have at least 3 years of profitable operations for NEDFi-assisted units are eligible to avail loans under this scheme. Loans starting from Rs. 50 lakh can be obtained under this scheme.

Is NEDFi government?

ABOUT NEDFi NEDFi is notified as a Public Financial Institution under Section 4A of the Companies Act 1956 and was registered as an NBFC in 2002 with RBI.

What is the full form of NEDFi?

The North Eastern Development Finance Corporation Ltd (NEDFi) is a Public Limited Company registered under the Companies Act 1956 on 9th August, 1995. It is notified as a Public Financial Institution under Section 4A of the said Act and was registered as an NBFC in 2002 with RBI.

How NEDFi assists entrepreneur of the Region?

NEDFi provides financial assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure and agro-allied projects in the North Eastern Region of India and also Microfinance through MFI/NGOs by identifying, nurturing commercially and financially viable projects in the region.

What are the functions of NEDFi?

NEDFi provides financial assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure and agri-allied projects in the North Eastern Region of India and also Microfinance through MFI/NGOs.

Which is the first development bank established in India?

Bank Industrial Finance Corporation of India IFCI
It was in 1948 that the first Development Bank Industrial Finance Corporation of India IFCI was established.

What is the main function of NEDFi?

What are the prime aims and objective of North Eastern Council?

To recommend to the Governments of the States concerned or to the Central Government the undertaking of necessary Surveys and Investigations of projects to facilitate inclusion of new projects in the Regional Plan for consideration.

Which banking system is more popular in India?

Though the nationalized State Bank of India (SBI) remains the largest bank in the country by far, private banks like ICICI Bank, Axis Bank and HDFC Bank have emerged as important players in the retail banking sector.

Why NEC is formed?

The North Eastern Council (NEC) came into being by an Act of Parliament, the North Eastern Council Act, 1971 to act as an advisory body in respect of socio-economic development and balanced development of the North Eastern Areas consisting of the present States of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram.

Why Sikkim is not included in Seven Sisters?

Why is the north-eastern region called the seven sisters and Sikkim their only brother? But, sadly Sikkim is not part of the seven sisters a sit is separated by a chicken neck corridor or Siliguri corridor. A tiny strip of land in the northern region of Bengal joins the North East with the rest of India.

Who are the Board of directors of NEDFi?

The management of NEDFi has been entrusted upon the Board of Directors comprising representatives from shareholder institutions, DoNER, State Governments and eminent persons from the NE Region and outside having wide experience in industry, economics, finance and management.

What is the mission of NEDFi in India?

NEDFi is an ISO 9001:2008 certified company since 2001 and our mission is for the economic development of the North Eastern Region of India by identifying, financing and nurturing commercially and financially viable projects in the region.

What does Artisan Development Initiative in NEDFi mean?

Artisan Development initiatives is a complete focused approach for the development of local artisans and promotion of products through value added services – weaving wonders through water hyacinth.