SBB480

Equity Fund Scheme (NEDFi)

The Equity Fund Scheme, managed by the Ministry of Development of North Eastern Region, supports startups across India by providing investment ranging from Rs. 50 to 300 lakhs. Eligible applicants, including individual entrepreneurs or groups with viable business plans, can receive assistance for project financing, working capital, and core current assets during commercial operations.

Central

States / UT: All India

Ministry / nodal: Ministry of Development of North Eastern Region

Department: NEDFL

Nodal department: NEDFL

Scheme for: Startups

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Startups

Tags: startups, Sector Agnostic

Details

Brief

The schemes intend to invest in projects promoted by entrepreneurs in the North-Eastern Region having sound business ideas with potential for high growth and more than normal returns on investment.

Eligibility

  • Individual entrepreneurs or groups of entrepreneurs; The applicant should have a viable business plan which offers above-average profitability leading to attractive returns on investment.

Benefits

  • - Investment in a single project would range from Rs.50-300 lakhs. Assistance will be available for financing terms normally included in the cost of a project, startup working capital, and selectively for core current assets during commercial operation
  • Investment in a single project would range from Rs.50-300 lakhs. Assistance will be available for financing terms normally included in the cost of a project, startup working capital, and selectively for core current assets during commercial operation.

Eligibility

  • Individual entrepreneurs or groups of entrepreneurs; The applicant should have a viable business plan which offers above-average profitability leading to attractive returns on investment.

Application Process

Online / portal

Official application / information link: https://my.msme.gov.in/MyMsmeMob/MsmeScheme/Pages/7_1_4.html

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html

References

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status