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Renu Suresh

Expert

Published on: Aug 18, 2026

NEDFi Opportunity Scheme for Small Enterprises (NoSSE)

The Ministry Of Development Of North Eastern Region has introduced the

NEDFi Opportunity Scheme for Small Enterprises (NoSSE) for entrepreneurs. The main objective of NoSSE is to remove the hurdle of funds for the small startups in North Eastern Region. As part of this scheme, the North Eastern Development Finance Corporation Ltd (NEDFi) provides financial assistance in the form of a loan at a subsidised rate to all eligible entrepreneurs. In this article, we look at the NEDFi Opportunity Scheme for Small Enterprises (NoSSE) in detail.

Objective of NoSSE

The objective of the NoSSE

scheme is to provide long term financial assistance for setting up new industrial units and infrastructure projects. The support under this scheme will also provide for the expansion, diversification, or modernization of existing industrial enterprises. The assistance will not offer to commercial real estate.

Purpose of the NoSSE

The purpose of introducing the NEDFi Opportunity Scheme for Small Enterprises (NoSSE) is to encourage local small entrepreneurs of North East India to set up industrial units with the reduced cost of funds and thus help in fast-paced economic development.

Eligibility Criteria

The small entrepreneurs of the following North East Regions are eligible for the assistance under the NEDFi Opportunity Scheme for Small Enterprises:

  • Sikkim
  • Arunachal Pradesh
  • Assam
  • Meghalaya
  • Nagaland
  • Manipur
  • Tripura
  • Mizoram

Nature of Assistance

The financial assistance is generally based on the cost of the project; the loan will be provided either in the form of Term Loan or working capital, a Combination of Both. The businessman can get up to a maximum of Rs. 100 Lakhs as a loan under the NEDFi Opportunity Scheme for Small Enterprises (NoSSE)

Project Cost

In case the project cost is above Rs.50 lakhs, and up to Rs.200 lakhs loan, the entrepreneur can apply for financial assistance under the NEDFi Opportunity Scheme.

Debt-Equity Ratio

The Minimum Debt Equity Ratio for a loan under the NEDFi Opportunity Scheme is 2:1.

Rate of Interest

The entrepreneur can get the

NEDFi Opportunity Scheme for Small Enterprises loan at a highly competitive interest rate of 8% per annum payable monthly basis

Upfront Fee

The entrepreneur needs to provide 1% of the sanction loan amount while availing the financial assistance under the NoSSE.

Repayment period

The entrepreneur has to repay the entire credit amount, along with the interest amount, within seven years. This duration is including the moratorium period; the facility for repaying the credit amount every month is available under the NoSSE scheme.

Security for Loan

The details of the Security for Loan under the NEDFi Opportunity Scheme for Small Enterprises (NoSSE) are as follows:

Primary

  • Equitable mortgage of the project site or Leasehold right
  • Hypothecation of movable assets financed
  • Hypothecation of current assets in case working capital assistance

Collateral/ Guarantees/ Other securities

  • The Collateral/ Guarantees/ Other securities will depend on the decision of the concerned authorities.

Documents for NoSSE

The following documents need to submit to NEDFi before disbursement of financial assistance:

  • Affidavit and Indemnity Bond
  • Undertaking as per enclosed format
  • Latest Sales Tax Clearance Certificate
  • Latest Income Tax Clearance Certificate or Copy of latest Income Tax Return
  • Latest Audited Balance Sheet
  • The resolution by the Board of Directors of the Company regarding signing authority or copy of partnership deed in case of partnership firm
  • Advice from Director of Industries regarding the change in bank a/c, if any
  • Money receipt with revenue stamp
  • No dues certificate from ATPPF authority (applicable to tea estates only)
  • PAN Card copy
  • Details of Bank account with IFS code Details of Bank account with IFS code

The format of the Affidavit and Indemnity Bond is as follows:

Application Procedure

The entrepreneur needs to apply to the Chairman and Managing Director,

North Eastern Development Finance Corporation Limited (NEDFi), G.S. Road, Dispur, Guwahati – 781006, in the prescribed format of NEDFi.
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Frequently Asked Questions

Common questions about NEDFI NOSSE Scheme.

The NEDFi Opportunity Scheme for Small Enterprises (NoSSE) is a scheme introduced by the Ministry of Development of North Eastern Region to provide financial assistance in the form of loans at subsidized rates to eligible small entrepreneurs in the North Eastern Region. The objective is to remove the hurdle of funds for small startups and facilitate their growth.
Small entrepreneurs from the following North Eastern states are eligible for financial assistance under the NoSSE scheme: Sikkim, Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Tripura, and Mizoram.
Under the NoSSE scheme, an entrepreneur can avail a maximum loan amount of Rs. 100 Lakhs for setting up or expanding their industrial unit.
The interest rate on the loan provided under the NoSSE scheme is a highly competitive 8% per annum, payable on a monthly basis.
The entrepreneur has to repay the entire loan amount, along with the interest, within seven years, including the moratorium period. Monthly repayment facilities are available under the NoSSE scheme.
The primary security required is the equitable mortgage of the project site or leasehold rights. Additionally, hypothecation of movable assets financed, current assets (in case of working capital assistance), and other collateral/guarantees as decided by the authorities are also required.
The entrepreneur needs to apply to the Chairman and Managing Director of the North Eastern Development Finance Corporation Limited (NEDFi) in Guwahati, in the prescribed format of NEDFi, along with the required documents.
Some of the key documents required include an affidavit and indemnity bond, undertaking, sales tax clearance certificate, income tax clearance certificate, audited balance sheet, resolution by the Board of Directors or partnership deed, PAN card copy, and bank account details.
The purpose of introducing the NEDFi Opportunity Scheme for Small Enterprises (NoSSE) is to encourage local small entrepreneurs in North East India to set up industrial units with reduced cost of funds, thereby contributing to the region's economic development.
The minimum debt-equity ratio required for availing the loan under the NEDFi Opportunity Scheme for Small Enterprises (NoSSE) is 2:1.