The scheme has been launched by the Ministry of Development of the Northeastern Region with the intent to invest in projects promoted by entrepreneurs in the northeastern region. Entrepreneurs should have viable business ideas with potential for high growth and more than normal returns on investment.
Nature of assistance
A single project investment would range from Rs.50-300 lakhs. Assistance is available for core assets that are required including work capital that is required to start the operations, and project costs during commercial operation.
- An individual entrepreneur or a group of entrepreneurs can avail themselves of the scheme.
- The applicant should have feasible business plans.
- The returns of the investment must be high
- The plan can offer above-average profitability leading to attractive returns on investment