NEDFI Announces New Scheme Atmanirbhar Hastshilpkar Scheme for the Artisans under Ministry of Doner

Tags: State News

With the objective to develop the petty artisans of the North Eastern Region by providing financial assistance in the form of term loan for income generating activities for setting up / expansion / modernization / working capital requirement and other activities related to the sector NEDFi has introduced Atmanirbhar Hastshilpkar Scheme to the grass root Artisans of the region.

  • The scheme was officially launched on 9/12/2021. During the launching ceremony, a total of 17 artisans have been provided with credit assistance of Rs.1 lakh per artisan.
  • The credit facility is collateral free and carries a subsidized interest rate of 6% p.a., which is repayable in 24 months.

For regular repayment, an incentive of 1% on the interest rate is provided, which will be refunded to the artisans on successful repayment of loans.


NEDFi is notified as a Public Financial Institution under Section 4A of the Companies Act 1956 and was registered as an NBFC in 2002 with RBI. NEDFi provides financial assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure and agri-allied projects in the North Eastern Region of India and also Microfinance through MFI/NGOs. Besides financing, the Corporation offers Consultancy & Advisory services to the state Governments, private sectors and other agencies.

Ministry of Doner

The Ministry of Development of the North-Eastern Region (MoDONER) established in 2001 functions as the nodal department of the Central Government to deal with the matters relating to the planning, execution and monitoring of development schemes and projects in the North Eastern Region. Its vision is to accelerate the pace of socio-economic development of the Region so that it may enjoy growth parity with the rest of the country.

Headquarters: Vigyan Bhawan, New Delhi

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