Eastern Mirror Desk
Dimapur, June 14: The North Eastern Development Finance Corporation Ltd. (NEDFi) Dimapur branch organised a business meet at Joycee complex, Chümoukedima town in Dimapur on Thursday with an aim to provide counselling to entrepreneurs and create awareness about NEDFi Schemes and North East Venture Fund.
Assistant General Manager of NEDFi Himato Sema, who was the chief guest of the meet, told the gathering that the objective of the programme was to provide long-term financial assistance for setting up of new industrial and infrastructure projects as well as for expansion, diversification or modernisation of existing industrial enterprises excluding commercial real estates. Also with its core value taking into account customer satisfaction by providing quality, timely and effective services and fairness in dealings; maximisation of stakeholders’ value and success through team work, innovation, integrity and people.”
Sema went on to say that the purpose of the programme was to encourage small entrepreneurs from North East states to set up industrial units and help boost the economy.
The entrepreneurs, who participated in the event, shared their experiences- a success story in availing loan through NEDFi. An entrepreneur, while recounting how he established a team of 31 people from one-man army, said that in Nagaland, government may not help aspiring entrepreneurs but they can succeed through hard work.
“Since there are no industries in the state, we can feel the gap but the only alternative is to work hard as we have no assistance except for the centrally-sponsored schemes,” he opined.
Another entrepreneur named Bohoto Sema said that he ventured into poultry business in the early 2000s but failed to succeed because of market monopoly. He added that after this experience, he took the assistance of NEDFi and ventured into another business – tent house.
Though tent house business is seasonal, Sema said, he was able to not only concentrate on one business but also upgrade it.