NEDFi Rupee Term Loan Scheme

Key Features

• Medium / long term financing  in rupee currency: The RTL scheme is specifically a term‐loan product  in Indian rupees, intended for assets/investments rather than short‐term operations.
• Eligible for new units as well as expansion/diversification/modernisation: You may apply if you are setting up a new industrial or service unit in the NER, or an existing unit seeking to expand or modernise under the scheme.
• Supports manufacturing and service enterprises in NER states: The scheme covers manufacturing and service sectors in the eight North Eastern states, aiming to boost production, technology up-gradation and employment in those regions.
• Flexible loan structuring based on project cost, sometimes via consortium lending: For large projects the scheme allows for consortium lending  wherein NEDFi’s exposure may be a part of the overall financing. The scheme also supports tailor‐made funding depending on project size.
• Promoter contribution required; security norms apply: Promoters need to contribute equity  and standard security/hypothecation/collateral will be required depending on the size and risk of project. 

Financial Assistance

Eligibility Criteria

Who Can Apply:

• Manufacturing or services sector units  located in any of the eight North-Eastern states.
• Projects requiring medium to long-term finance for creation of fixed assets .
• Entities such as proprietorships, partnership firms, LLPs, private limited companies satisfying promoter’s contribution, project cost and viability norms.
• The applicant unit must prepare a detailed project report  or business plan showing viability, in many cases.

Who Cannot Apply:

• Units located outside the eight North-Eastern states .
• Projects purely in commercial real-estate, speculative ventures, or where the loan proceeds are not deployed in fixed assets creating revenue.
• Applicants unable to arrange minimum promoter contribution or project cost norms; those with poor credit or lacking viability may be excluded.
• Projects where fixed-asset creation does not lead to revenue or does not meet NEDFi’s underwriting standards.

Documents Required

• Identity proof and address proof of promoters/applicant 
• Business proof: registration/licence, GST/Udyam certificate  
• Project details/DPR: cost estimates, fixed asset list, proposed capacity, marketing plan, financial projections.
• Bank account details, promoter contribution proof, list of fixed assets, site/land proof.
• Collateral/security documents as per NEDFi’s sanction 

Application Process for the Scheme

Option 1: Apply with Bullit 

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 North-East India seeking medium/long-term finance for fixed-asset projects under the RTL scheme.

Option 2: Direct NEDFi Process

1. Contact the NEDFi regional office or branch in your North-Eastern state.
2. Obtain the application form for the Rupee Term Loan Scheme .
3. Submit project proposal and DPR, along with requisite documents .
4. Undergo appraisal, sanctioning process and once approved, funds are disbursed and repayment schedule begins.

Option 3: Apply Through the Official Online Portal

• Applicants can also submit their application directly through the official portal of the implementing authority.
• 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 is suitable for applicants comfortable managing the process independently through the official online system.