MEGHALAYA, MANIPUR, MIZORAM, NAGALAND, TRIPURA & SIKKIM
Exclusive schemes for Meghalaya, Manipur, Mizoram, Nagaland, Tripura & Sikkim
North Eastern Development Finance Corporation
The main aim of this Corporation is to provide financial assistance to women entrepreneurs for taking up business ventures. The existing business ventures which already exist and handled by women are also eligible under this scheme and financial assistance is given to them for expansion, modernization and diversification of their business enterprises. The beneficiaries include skilled women entrepreneurs between the age group of 18 years and 50 years. The applicant has to be a woman and who is engaged in any income generating activity which includes small business trade etc. Assistance is given in form of term loan to projects whose cost should not exceed Rs 15 lacs. A maximum of 75% of the project cost can be granted as term loan. 25% of the project cost is contributed by the promoter. The loan has to be repaid with a rate of interest of 8 % within 3 to 7 years.