North Eastern Development Finance Corporation Ltd. (NEDFi)

Headquarters: Guwahati, India

Website

Additional Info

Type of bank
Development

Established
1995

Assets
244.87 million USD (2019)

Ownership
IDBI (25%), SBI (15%), LICI (15%), SIDBI (10%), ICICI (10%), IFCI (10%), SUUTI (10%), GIC (5%)

Mandate
To be a dynamic and responsive organization catalyzing economic development of the North Eastern Region of India by identifying and financing, commercially viable industries, providing value added advisory & consultancy services, promoting entrepreneurship through effective mentoring, skill development and capacity building of the micro, small and medium enterprises and generating sustainable livelihoods through Micro Finance and CSR activities read more

Covid response

Summary
Providing accessible financing support to SMMEs and affected sectors through the provision of loans with favourable terms, and providing temporary payment relief to SMMEs through the implementation of payment moratoriums.

Loans
SMMEs, Large Business

Debt Relief
SMMEs

Advisory services
Implemented the 'Scale Up Assam' Program which offers consultancy and advisory services to the government, private sectors, and other agencies. Program includes webinars, consultancy projects and mentoring services free of cost. read more

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