Dimapur, September 29 (MExN): The North Eastern Development Finance Corporation Limited (NEDFi) sanctioned loans worth Rs 977.42 crore during 2025-26, up from Rs 882.98 crore in the previous financial year, taking its cumulative sanctions to Rs 10,091.80 crore across 34,327 projects.
The figures were presented at NEDFi’s 31st Annual General Meeting held at its registered office in Guwahati on September 29, where the corporation placed its Annual Report for 2025-26 before shareholders. NEDFi Chairman and Managing Director PVSLN Murty outlined the corporation’s achievements during the financial year.
The corporation’s gross income increased by 4.40% to Rs 270.82 crore, while interest income rose by 9.73% to Rs 214.94 crore. Profit before tax stood at Rs 127.77 crore and net profit at Rs 92.23 crore.
The Board of Directors recommended a dividend of 7% for FY26. NEDFi’s gross non-performing assets (NPAs) declined to 1.71% from 1.88% in 2024-25. At the same time, loan outstanding increased to Rs 2,269.05 crore from Rs 2,019.50 crore, indicating growth in its loan portfolio.
On venture funding, the North East Venture Fund (NEVF), established in collaboration with the Ministry of DoNER and SIDBI, has supported 70 start-ups across various sectors. The Manipur Start-up Venture Fund and NRL Ideation Angel Fund also committed over Rs 33 crore to high-potential ventures.
Under its corporate social responsibility initiatives, NEDFi said it focused on women empowerment, livelihood enhancement, employment-oriented skill development and promotion of the craft sector. During FY26, support was extended to 1,291 beneficiaries across various trades and sectors.
The corporation also facilitated artisans’ participation in exhibitions, trade fairs and sales events through its network of showrooms. A total of 4,525 artisans benefited from these marketing initiatives during the year.
Looking ahead, NEDFi said it would continue to focus on "sustainable and inclusive growth" by expanding its reach to unserved and underserved areas, strengthening credit delivery and introducing flexible financial products. It also plans to support MSMEs, microfinance beneficiaries and first-generation entrepreneurs through "timely finance, mentoring and capacity building."
Murty expressed appreciation to the Board, Ministry of DoNER, Union Government Ministries, State Governments, banks, financial institutions and other stakeholders, while thanking NEDFi shareholders for their continued trust and support.
