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NEDFI Announces New Scheme Atmanirbhar Hastshilpkar Scheme for the Artisans under Ministry of Doner

The objective

• To develop the petty artisans of the North Eastern Region by providing financial assistance in the form of term loan for income generating activities for setting up / expansion / modernization / working capital requirement and other activities related to the sector NEDFi has introduced Atmanirbhar Hastshilpkar Scheme to the grass root Artisans of the region.
• The scheme was officially launched on 9/12/2021. During the launching ceremony, a total of 17 artisans have been provided with credit assistance of Rs.1 lakh per artisan. The credit facility is collateral free and carries a subsidized interest rate of 6% p.a., which is repayable in 24 months.
• For regular repayment, an incentive of 1% on the interest rate is provided, which will be refunded to the artisans on successful repayment of loans.

North Eastern Development Finance Corporation Ltd. (NEDFi)

• It is a premier financial institution in the North-Eastern Region with its head office at Dispur, Guwahati and branch offices all across North-Eastern Region has completed an eventful twenty-six years since its establishment in 1995.