Micro Finance

The scheme envisages meeting micro credit needs Small and Medium size agriculturists, self- employed personnel and entrepreneurs can be reached much more effectively by involving the services of intermediaries, who can understand needs, demand and local situations. Developing and supporting NGOs/ Voluntary Agencies (VAs) with good track record for on-lending to the “needy” for taking up any income generating activities in the rural areas.

NEDFi would lend the amount at Prime Lending Rate (PLR) + 0.5 % (administrative charge). Processing fee to the extent of maximum 1% of loan amount. The MFI have to comply with RBI norms. Repayment period is maximum 5 years.

All MFIs which have been in existence for at least 3 years; the MFIs should have good credibility record. Voluntary agencies are also eligible to apply.

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