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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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