Working Capital Term Loan (WCTL)
NEDFi's Working Capital Term Loan supports daily operational expenses for businesses in Northeast India with flexible repayment.
- Funding amount
- Varies by program
- Funding type
- Debt / Loan
- Provider
- NEDFi (Government)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Working Capital Term Loan (WCTL) is a debt product offered by NEDFi to help businesses manage their day-to-day operational expenses and working capital needs. It provides a fixed amount of capital with a repayment period of 1 to 5 years. Interest is charged on the entire loan amount and repaid in installments. The interest rate starts from 8% per annum. Depending on the lender and loan amount, collateral may be required. This loan is specifically for units located in any of the eight North-Eastern states of India.
Highlights
- Repayment period of 1 to 5 years.
- Interest rate starts from 8% per annum.
- Loan covers up to 75% of working capital requirement for one cycle.
- Promoter margin minimum 25% of projected one-cycle working capital.
- Applicable only for units in the eight North-Eastern states.
- May require collateral depending on lender and loan amount.
Who can apply
The proposed business unit must be located in any of the eight North-Eastern states (Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura). The promoter must contribute a minimum margin of 25% of the projected working capital requirement for one cycle. NEDFi can finance up to 75% of the working capital requirement for one cycle of operation.
Working Capital Term Loan (WCTL) is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Working Capital Term Loan (WCTL) 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.
What the funding covers
- Provides a fixed amount of capital for working capital needs.
- Repayment period of 1 to 5 years.
- Interest rate starts from 8% per annum.
- Interest is charged on the entire loan amount and repaid in installments.
About the provider
Working Capital Term Loan (WCTL) is offered by NEDFi, 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.
Documents you’ll need
Before you apply to Working Capital Term Loan (WCTL), 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.
Frequently asked questions
How much funding is offered under the Working Capital Term Loan?
The loan amount is not specified; it varies based on the working capital requirement. NEDFi can finance up to 75% of the working capital requirement for one cycle of operation.
What is the application deadline?
The deadline is not specified.
Who is eligible for this loan?
Eligibility requires the business unit to be located in any of the eight North-Eastern states. The promoter must contribute a minimum margin of 25% of the projected working capital requirement for one cycle.
What industry sectors are eligible?
Industry sectors are not specified; the loan is available for any business meeting the location and margin requirements.
Do I need DPIIT or MSME registration to apply?
DPIIT or MSME registration is not mentioned as a requirement.
Does the loan require equity or a stake in the business?
No, this is a debt product, so no equity is taken. However, collateral may be required.
What documents are typically needed to apply?
The documents required are not specified. Applicants should apply in the prescribed format of NEDFi.
How and where do I apply?
Interested units should apply to NEDFi. The application should be sent to the Chairman and Managing Director, NEDFi, G.S. Road, Dispur, Guwahati – 781006 in the prescribed format of NEDFi.
What is the minimum promoter margin required?
The promoter margin must be a minimum of 25% of the projected one cycle of working capital requirement.
Is collateral required for the loan?
Depending on the lender and the loan amount, collateral may be required.
Who offers Working Capital Term Loan (WCTL)?
Working Capital Term Loan (WCTL) is offered by NEDFi, a government body. It is provided as non-dilutive funding.
How do I apply for Working Capital Term Loan (WCTL)?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
More funding from NEDFi
NEDFi runs 3 other programs listed on startupfunds — compare them before you decide where to apply.
Alternatives to Working Capital Term Loan (WCTL)
Not sure Working Capital Term Loan (WCTL) is the right fit, or already applied? These are other debt open to Indian startups that founders shortlist alongside it.
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