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Government Guwahati, Assam Est. 1995

NEDFi

North Eastern Development Finance Corporation providing financial assistance, venture capital through NEVF, and microfinance to enterprises in India's eight northeastern states.

4 programs listed

About NEDFi

North Eastern Development Finance Corporation Ltd (NEDFi) is a public limited company incorporated on 9 August 1995, headquartered in Guwahati, Assam. It provides financial assistance to micro, small, medium, and large enterprises for industrial, infrastructure, and agri-allied projects in the North Eastern Region of India, as well as microfinance through MFI/NGO channels.

In collaboration with the Ministry of Development of North Eastern Region (MDoNER), NEDFi has set up the North East Venture Fund (NEVF), a dedicated venture capital fund to encourage startup ventures in the region. NEDFi Venture Capital Limited (NVCL) acts as the investment manager, providing capital, nurturing, and handholding support to portfolio companies. NEDFi has sanctioned INR 766.47 crore and disbursed INR 547.11 crore for 5,338 projects in the NE region.

## Who Benefits

Startups, MSMEs, and entrepreneurs in the eight northeastern states seeking project finance, venture capital, microfinance, and business development support for industrial, agricultural, and service-sector enterprises.

Who they work with

Stages
Growth
Sectors
Social Impact Agritech & Food Other Sectors Manufacturing & Industrial

Programs by NEDFi 4

Closed Grant
FundingRs. 50 lakh to Rs. 3 Cr
Equity-free

The NEDFi Equity Fund Scheme aims to contribute to the development of entrepreneurship in the North Eastern Region (NER) by investing in projects with sound business ideas and the potential for high growth and above-average returns on equity-related investments. Investments are typically made in the form of equity or convertible debentures.

ClosesClosed
Closed Grant
FundingRs. 25 lakh to Rs. 7.5 Cr
Equity-free

The NRL Ideation Angel Fund (NRL IAF) is a Category I Venture Capital Fund (Angel Fund) with a corpus of Rs. 35 crores. It aims to boost the startup ecosystem, primarily in the North East region, by investing in startups with scalable business models, significant growth potential, proven market potential, and a talented management team. Funding is currently provided as grants for idea-stage startups and will include equity/convertible notes for later stages.

ClosesClosed
Closed Debt / Loan
FundingSupport amount varies
Equity-free

A Working Capital Term Loan (WCTL) for Contract Finance is a loan designed to assist businesses engaged in contract work by providing funds to cover operational expenses during the contract period. It addresses cash flow challenges that arise between incurring costs and receiving client payments. The loan is repaid in installments over a fixed term.

ClosesClosed
Closed Debt / Loan
FundingSupport amount varies
Equity-free

A Working Capital Term Loan (WCTL) is a loan designed to provide businesses with a fixed amount of capital to support their day-to-day operational expenses and working capital needs, typically with a repayment period of 1 to 5 years. Interest is charged on the entire loan amount and is repaid in installments. Interest rate starts from 8 % p.a. Depending on the lender and the loan amount, WCTLs may require collateral.

ClosesClosed

Frequently asked questions

What funding programs does NEDFi run?

NEDFi currently has 4 programs listed in this directory, including NEDFi Equity Fund Scheme, NRL Ideation Angel Fund (NRL IAF), Working Capital Term Loan (WCTL) for Contract Finance. Each program page covers the funding amount, eligibility and application process.

Is NEDFi a government organisation?

Yes. NEDFi is listed under the government category. Its programs follow official government processes, and applications are submitted through official channels in your own name.

How do I evaluate whether a NEDFi program fits my startup?

Start with the stages and sectors shown on this profile, then open the program pages for eligibility conditions and document checklists. If you want a structured view, send an enquiry below and an IncorpX advisor will walk you through fit and readiness.

Do I apply to these programs through IncorpX?

No. Applications are always submitted in your own name with the respective program authority. IncorpX is independent of NEDFi and provides assistance for application preparation, document organisation and prerequisite registrations such as incorporation, DPIIT recognition, MSME and GST.

Enquire about NEDFi

Tell us what you are building and which NEDFi program you are evaluating. An IncorpX advisor will help you assess fit and get application-ready.

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Your enquiry goes to the IncorpX advisory team, who will help you evaluate fit and prepare. We are independent of NEDFi and never contact organisations on your behalf.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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