GUWAHATI, Jan 29 ? The South Asia Enterprise Development Facility (SEDF) signed an MoU with the NEDFi in order to boost the Small and Medium Enterprises (SME) portfolio of the NEDFi so that the Corporation gets helped in respect of reducing its outstanding non-performing loans.
The SEDF headquartered at Dhaka is a multi-donor organisation promoted by the International Finance Corporation (IFC) and managed by the SME Department of the World Bank.
The SEDF?s overall objective is to enhance competitiveness and growth of SMEs in the north-east India are starved off funds, the SEDF will try in collaboration with local financial institutions to facilitate SMEs? access to finance.The SEDF?s assistance will consist of technical assistance and training for local financial institutions and SME client groups and its individual clients.