Nagaland Industrial Policy Enterprise Loan

iAbout This Scheme

Under Nagaland's Industrial Policy, entrepreneurs can access subsidised term loans and working capital through the Nagaland Industrial Development Corporation (NIDC) and empanelled banks. The policy offers capital subsidy and interest subvention to set up small and medium manufacturing units in Nagaland.

🎁Key Benefits

• Term loans up to ₹25 lakh at subsidised interest
• 25% capital subsidy on plant and machinery (max ₹5 lakh)
• Sales tax and excise duty concessions in first 5 years
• Priority sector lending from Nagaland State Co-operative Bank

✅Eligibility Criteria

• 1
  Naga domicile and permanent resident of Nagaland
• 2
  Viable project in manufacturing, agro-processing, or handicraft
• 3
  No existing NPA with any bank
• 4
  Entrepreneur must contribute minimum 10% of project cost

📝How to Apply

❓Frequently Asked Questions