Micro Finance (NEDFL Scheme)

The Micro Finance scheme under the North Eastern Development Finance Limited (NEDFL) is a debt-based funding initiative by the Ministry of Development of North Eastern Region. It aims to promote entrepreneurship and economic development in the North Eastern Region of India by providing financial assistance to startups and small businesses. The scheme offers loans up to ₹10 lakh to eligible entities, helping them access capital for growth and operations. It is particularly focused on fostering local enterprise in the eight North Eastern states.

• Debt funding up to ₹10 lakh for startups in the North Eastern Region.
• Run by the Ministry of Development of North Eastern Region under NEDFL.
• No equity dilution — 100% loan-based funding.
• Designed to boost local entrepreneurship in the 8 North Eastern states.
• Application can be submitted via the official website: http://nhfdc.nic.in/schemes/micro-financing-scheme

Startups based in the North Eastern Region of India are eligible to apply. The scheme is open to entities operating in any industry sector as long as they are located in one of the eight North Eastern states. Specific entity types, DPIIT/MSME registration requirements, and founder eligibility criteria are not specified—applicants are advised to check the official website for detailed guidelines.

Micro Finance (NEDFL Scheme) is open to startups at any stage. It is open to startups registered anywhere in India.

Micro Finance (NEDFL Scheme) accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

Selected startups receive debt financing of up to ₹10 lakh. The funds can be used for business development, working capital, asset purchase, or other permissible business expenses as per the scheme guidelines. Being a loan, it does not involve equity dilution, meaning founders retain full ownership.

Micro Finance (NEDFL Scheme) is offered by Ministry of Development of North Eastern Region, a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.

Before you apply to Micro Finance (NEDFL Scheme), keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

Micro Finance (NEDFL Scheme) is best suited for startups in India seeking non-dilutive funding of ₹10L. If that describes your startup, review the eligibility criteria above before applying.