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North Eastern Development Finance Corporation Ltd. (NEDFI) has organised a Business cum Entrepreneurs Meet to encourage people, mainly youngsters to go in for entering into entrepreneurship by starting up their own business and to generate employment for others
What is North Eastern Development Finance Corporation Ltd.(NEDFI)?
NEDFi is notified as a Public Financial Institution under Companies Act,1956 and was registered as an NBFC in 2002 with RBI.
Nodal Ministry: Ministry of Development of North Eastern Region (DoNER),
Purpose: To provide financial assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure and agri-allied projects in the North Eastern Region of India and also Microfinance through MFI/NGOs.
Besides financing, the Corporation offers Consultancy & Advisory services to the state Governments, private sectors and other agencies.
The corporation is also the designated nodal agency for disbursal of Govt. of India incentives to the industries in the North-East India under North–East Industrial and Investment Promotion Policy 2007(NEIIPP 2007).
Headquarters: Guwahati, Assam
Source: This post is based on the article “North Eastern Development Finance Corporation Ltd. (NEDFI)- ‘Business cum Entrepreneurs’ Meet organised by NEDFI at its Namchi and Gangtok Branch” published in PIB on 7th December 2021.