A BNE Exclusive with Mr. PVSLN Murty,
CMD, NEDFi
The rupee term loan scheme is provided by North Eastern Development Finance Medium Enterprises of North Eastern states. Rupee term loan is a part of project finance. Other loans provided by NEDFi under it are -
To provide medium to long-term financial assistance for setting up new, expansion, diversification, or modernization projects in various manufacturing or services sectors.
To provide medium to long-term financial assistance for setting up new, expansion, diversification, or modernization projects in various manufacturing or services sectors.
To provide financial assistance for acquiring machinery/ equipment.
To provide financial assistance towards normal capital expenditure, working capital margin, repayment of high-cost debt, and general corporate purposes.
The rupee term loan scheme provides more than Rs.10crores to the MSMEs for a single project. The scheme supports upto 12 % of financial support for every project by the MSME.
The applicants under this scheme must produce a Detailed Project Report (DPR) for approval. NEDfi offers loans to the MSMEs with a Prime Lending Rate of 3% per annum for the RTL scheme. This scheme has been implemented successfully and so far the progress has been satisfactory.
FIRST Business Portal addressing the potential of business capability of North East Region.
