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8/4/2019 Monica Report
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North Eastern Development Finance Corporation Ltd.
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Project FinanceWomen Enterprise Development Scheme(WEDS)
NEEF Women have always played an important role in socio economic development ofthe society since ancient times. In the North East, they enjoy a special status in thesociety because of their entrepreneurial desire & ability, hard working nature andmatrilineal society in some areas of the region Moreover, women of the regionenjoy a comparatively higher status in society because of the liberal social outlookof the region. They contribute significantly to the development of the society.
NEDFi, as a financial institution has been working for the economic upliftment ofthe women in the region by providing them training and financial assistance underMicro Finance Scheme (MF), North East Equity Fund Scheme (NEEF), Scheme forNorth East Handloom and Handicrafts (SNEHH), Jute Enterprises DevelopmentScheme (JEDS) etc. Though women are engaged in various activities on their ownin various areas yet financial assistance often remains a bottleneck for taking upnew ventures or expansion of existing ventures.
As NEDFi is committed to the development of the region, a special scheme hasbeen prepared exclusively for women
entrepreneurs at liberal terms and conditions wherein financial assistance would beprovided for any viable income generating activity. It is expected that the schemewill go a long way in helping the women for taking up business ventures and willlead 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 thescheme for expansion, modernization and diversification.
Target Group
Skilled women entrepreneurs in the age group of 18 - 50years.
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Eligibility
Any viable income generating activity including small business trade
Nature of Assistance
Softloan and Term loan
Extent of Assistance
Soft loan:25%,
Term loan:60%.
Project cost (including working capital)
Should not exceed Rs. 5.00 lakh
Promoters Contribution
Minimum 15%.
Security
First charge on assets financed by the Corporation. Eligible units will be covered
under CGFTSI (Credit Guarantee Fund Trust forSmall 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
Micro Finance
Working Capital
Term Loan
EquipmentFinance
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JEDS
WEDS
SNEHH
How To Apply
Contact webmasterfor any info. copyright 2002 North Eastern Development Finance Corporation Ltd.
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