Rs 554 lakh NEDFI funds for NE projects

GUWAHATI, August 4: The North Eastern Development Finance Corporation Ltd (NEDFi) has sanctioned projects amounting to Rs 554 lakh in Tripura, Mizoram, Manipur and Assam. An official release said the statewise allocation was: Mizoram Rs 156.30 lakh, Manipur Rs 156 lakh; Tripura Rs 105 lakh and Assam Rs 137 lakh. NEDFi has sanctioned Rs 144 lakh as term loan to Greenwood Hospital Pvt Ltd for setting up a 59-bed hospital in Bawngkawn, Aizawl. It is an existing hospital with 30 beds on rented premises and is the only private healthcare unit providing tertiary healthcare facility in Mizoram. Imphal Hospital and Research Centre (P) Ltd proposes to set up a 30-bed hospital at Imphal, Manipur, with facilities for general medical cases, surgery, paediatrics, obstetrics & gynaecology, ophthalmology, orthopaedics, infertility clinic and other services. The project is being promoted by a pool of experienced doctors of Manipur for which NEDFi is providing financial assistance to the tune of Rs 120 lakh. Tripureshwari Delicious Products Pvt Ltd proposes to set up a pasteurised toned milk manufacturing plant with an installed capacity of 3000 kl per annum at Agartala. The proposed project will be the first dairy unit in private sector in Tripura and NEDFi has sanctioned a rupee term loan of Rs 105 lakh. Quality Foods Pvt Ltd proposes to set up a bakery unit to manufacture breads, varieties of biscuits, pastries and cakes in the industrial estate of Kalapahar at Guwahati. NEDFi is extending a term loan of Rs 15 lakh to the project. Apart from these projects, NEDFi has sanctioned five projects under its North East Equity Fund Scheme. BUT Printers proposes to set up a mini offset printing unit at Paona Bazar, Imphal, for which NEDFi has offered a term loan of Rs 7.75 lakh and soft loan of Rs 3.25 lakh. Bora Advertising proposes to launch a career counselling magazine along with corporate communication, media management activities in Guwahati. The magazine "The career counsellor" aims to be the first comprehensive career magazine of the country which will make detailed analysis of various professions as industry. The magazine will be processed in Guwahati and printed in Delhi. NEDFi has offered a term loan of Rs 8.75 lakh and NEEF soft loan of Rs 3.75 lakh. Seven Brothers Poultry Firm & Chicken Process proposes to set up a poultry unit of 1000 broilers per month at Zemabawk, Aizawl. This will be an expansion project and NEDFi has extended a term loan of Rs 8.68 lakh and soft loan of Rs 3.62 lakh under NEEF. Modern Hatcheries proposes to set up a hatchery unit with a capacity of 4.7 lakh chick capacity per annum. NEDFi has sanctioned a rupee term loan of Rs 8.50 lakh and soft loan of Rs 3.75 lakh under the NEEF scheme. Oriental Orchids will set up a commercial plant tissue culture unit to produce commercial horticulture plantlets and ornamental plants in Imphal. This will be for the first time in Manipur that tissue culture will be done commercially. NEDFi has extended a term loan of Rs 9 lakh and NEEF soft loan of Rs 3.75 lakh for the project. These projects would contribute to a total capital formation of Rs 971 lakh and NEDFi's financial assistance towards these projects would be to the tune of Rs 555 lakh, the release added.