North Eastern Development Finance Corporation Ltd.

North Eastern Development Finance Corporation Ltd.
Basundhara Enclave, Dr. B. K. Kakati Road,

Ulubari, Guwahati-781 007.

Ph. No :(+91-0361)2529202-206,

Fax-(+91-0361)2529178,

Website : http://www.nedfi.com

E-mail : mail@nedfi.com

North Eastern Development Finance Corporation Ltd. (NEDFi) aims to be a dynamic and responsive organisation to catalyse the economic development of the North East. It will assist in the efficient formation of fixed assets by identifying, financing and nurturing eco-friendly and commercially viable industrial and infrastructure projects in the region. Thus NEDFi’s prime role is to enhance the region’s wealth and prosperity of the people. In short, it is the Development Bank of the North East for the North East.

NEDFi was originally conceived in the budget speech of 1995-96, by then Finance Minister and was promoted by the country’s premier public sector financial institutions and Bank and incorporated in August, 1995 with its headquarters at Guwahati. The Corporation has an authorised capital of Rs.500 crore and initial paid up capital of Rs.100 crore. Further resources will be raised as and when needed. NEDFi started functioning since March 1996. NEDFi is a public financial institution under section 4-A of the Companies Act, 1956.

NEDFi's assistance details is as under.

State-wise Sanctions as on 31 1st March, 2009 (Rs. in lakh)

Source: NEDFi, Guwahati

State-wise Disbursements (Rs in Lakh)

Source: NEDFi, Guwahati

No. of Projects Sanctioned as on 31 1st March, 2008

Source: NEDFi, Guwahati