NEDFi Equity Fund Scheme — Frequently Asked Questions
Answers to the questions founders most often ask about NEDFi Equity Fund Scheme — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the NEDFi Equity Fund Scheme?
It is a grant and equity funding program by NEDFi to support entrepreneurs in the North Eastern Region with high-growth potential business ideas.
How much funding can I get?
The scheme provides investments ranging from ₹50 lakh to ₹3 crore in the form of equity or convertible debentures.
Do I need to be from the North Eastern Region?
Yes, the scheme is specifically for entrepreneurs based in the North Eastern Region (NER) of India.
What sectors are eligible?
Projects based on the natural resources or agriculture of the NER are ideal, as are ventures in IT, biotechnology, or other frontier technology services of strategic importance.
What are the promoter equity requirements?
Promoters must hold at least 60% of the paid-up equity capital of the company.
Is there a debt-equity ratio limit?
Yes, for convertible debentures, the maximum debt-equity ratio allowed is 1.5:1.
Does the scheme take equity?
Yes, the funding is provided as equity or convertible debentures, meaning NEDFi will take a stake in your company.
What is the application deadline?
No specific deadline has been announced; applications are accepted on a rolling basis.
How do I apply?
Fill out the application form on the NEDFi website (https://www.nedfi.com/) and submit it to the Chairman and Managing Director, NEDFi, at their Guwahati address.
What documents are needed for the application?
The scheme requires a viable business plan demonstrating above-average profitability. Specific documents are listed on the application form available on the NEDFi website.
Is DPIIT recognition required for NEDFi Equity Fund Scheme?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for NEDFi Equity Fund Scheme, though having it can strengthen your application and unlock other benefits.
Who is eligible to apply for NEDFi Equity Fund Scheme?
NEDFi Equity Fund Scheme is open to startups at any stage. It is open to startups registered anywhere in India.
Who offers NEDFi Equity Fund Scheme?
NEDFi Equity Fund Scheme is offered by NEDFi, a government body. It is provided as non-dilutive funding.