NEDFi Opportunity Scheme for Small Enterprises (NoSSE)

The NoSSE is a scheme run by NEDFi, under the purview of the Ministry of Development of North Eastern Region of Government of India. It is designed to provide long-term financial assistance for setting up new industrial / infrastructure projects and for expansion, diversification or modernisation of existing small industrial enterprises in the North Eastern Region of India. As your business looks to grow or modernise, this scheme offers targeted finance with favourable terms.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process for the Scheme

Key Features

Project cost band & loan cap: The scheme applies where the project cost is above ₹50 lakhs and up to ₹200 lakhs; within this, the loan component can be up to a maximum of ₹100 lakhs (i.e., ₹1 crore) via term-loan or working capital or both.
Eligible purposes: new unit / expansion / diversification / modernisation: The scheme covers setting up of new industrial / infrastructure units, and also covers existing units which wish to expand, diversify or modernise their operations. However, assistance for commercial real estate is excluded.
Targeted at small enterprises in the North East region: The scheme is specifically for “local small entrepreneurs” in the NER states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura).
Combination of term loan and working capital assistance possible: The assistance is flexible – the loan could be entirely term-loan, or working-capital, or a mix depending on project need.
Minimum debt-equity ratio & moderate interest cost: The scheme sets a minimum debt-equity ratio for the project (for example 2:1) and indicates competitive interest rates (one article mentions ~8% p.a).

Financial Assistance

Component	Assistance Provided	Detailed Explanation (with example)
Term Loan / Working Capital (or combination)	Loan component up to ₹100 lakhs when project cost is between ₹50 lakhs and ₹200 lakhs.	Example: You plan to set up a small manufacturing unit in Assam costing ₹1.2 crore (₹120 lakhs). Under NoSSE you may get term-loan/working capital up to ₹100 lakhs to support the project, and you bring remaining project cost from equity or other sources.
Long-term tenure & favourable cost of funds	Interest rate around ~8% p.a. (as indicated in some sources) and repayment up to 7 years in some cases.	Example: After sanction, your business pays interest monthly for 7 years on the outstanding loan, enabling you to spread your repayments while the project begins generating revenue.
Security / collateral structure	Primary securities include equitable mortgage of project site, hypothecation of assets, etc.	Example: You provide equitable mortgage of your factory land and hypothecation of the machinery being financed. The bank (NEDFi) evaluates the risk and may take additional guarantees/ collateral depending on the case.

Eligibility Criteria

Who Can Apply:

Entrepreneurs from the North-Eastern Region of India (states: Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, Sikkim) seeking to set up a new industrial or infrastructure project, or expand/diversify/modernise existing enterprise.
Projects where the total project cost is above ₹50 lakh and up to ₹200 lakh, and the loan sought (component) is up to Rs ₹100 lakh.
Enterprises falling under industrial/infrastructure category (small enterprises), excluding plain commercial real estate.

Who Cannot Apply:

Enterprises outside the North-Eastern Region (unless scheme terms allow, but typically targeted to NE states).
Projects whose cost is below ₹50 lakh or above ₹200 lakh (i.e., outside the defined project cost range) for the scheme financial assistance.
Projects purely in commercial real-estate (i.e., building for leasing, etc) as these are explicitly excluded.
Applicants who do not meet the debt-equity ratio or other underwriting norms applied by NEDFi (e.g., minimum debt-equity of 2:1 is mentioned in some sources)

Documents Required

Identity proof & address proof of the applicant.
Project proposal including cost, purpose (new set-up or expansion or diversification or modernisation).
Bank account details, KYC of applicant.
Project cost estimates, debt-equity ratio details (minimum 2:1 indicated in sources).
Security documentation: equitable mortgage of project site, hypothecation of assets, current assets as required.
Other clearances/registrations as required (state industrial approval, tax clearances, etc.)

Application Process for the Scheme

Option 1: Apply with Bullit (Recommended)

Click here to start with guided support. Our team verifies eligibility, compiles documents, and handles application & follow-ups on your behalf. You can monitor progress while focusing on operations.

Recommended for: Entrepreneurs in the North-Eastern Region who prefer expert assistance in loan application and documentation process.

Option 2: Direct Application via NEDFi

Contact NEDFi regional office in the North-Eastern Region.
Obtain the prescribed application format for NoSSE.
Submit project proposal, business/financial details, collateral/security details, required documents.
Undergo appraisal, sanctioning and disbursement process by NEDFi.

Option 3: Apply Through the Official Online Portal
Applicants can also submit their application directly through NEDFi’s official online portal. The process involves completing an online form, attaching the required documents, and submitting it digitally for review. Once submitted, NEDFi verifies the details and communicates further steps or approval status to the applicant. This option suits applicants comfortable managing the process independently through the official online system.