Initiative for Development of Entrepreneurs in Agriculture (IDEA)


 Description

The scheme intends to promote agri-business ventures in the North-East Region and assist in establishing agri-business as a profitable venture. It also provides gainful employment opportunities and makes available supplementary sources of input supply and services.

 Nature of assistance

Composite loan comprising term loan and working capital; maximum project size should be Rs.25 lakh term loan from NEDFi, maximum up to 75% of the project cost, promoter’s contribution will be 25% of the project cost.

 Who can apply

  • Graduates and Post graduates in agriculture and allied subjects.
  • Graduates, Post-graduates from other disciplines having experience and skill to undertake Agri Business ventures can also be considered.
  • The proposed units could be proprietorship, partnership or a company.
  • The promoter or their units must not be a defaulter in any government scheme and /or with any bank or any other agencies.
  • The proposed unit for which financial assistance is sought should be located within any of the eight North-Eastern States.

 How to apply

Apply to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.