North Eastern Development Finance Corporation Ltd.(NEDFI) – UPSC Prelims

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