Working Capital Term Loan (WCTL) — Frequently Asked Questions
Answers to the questions founders most often ask about Working Capital Term Loan (WCTL) — who qualifies, the funding amount, required documents and how the application works.
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.