Question : FUNDS DISBURSED BY NEDFC



(a) the total amount of fund disbursed by North East Development Finance Corporation (NEDFC) during the last three years, State – wise;

(b) whether the NEDFC is operating in few areas of North – Eastern States;

(c) if so, the reasons therefor;

(d) the details of financial disbursement to each State of North East by NEDFC;

(e) the priority sectors given by NEDFC alongwith the reasons therefor; and

(f) the details of financial help rendered by NEDFC to each sector, sector – wise during the last three years?

Answer given by the minister


MINISTER, MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION(SHRI MANI SHANKAR AIYAR)

(a): The State - wise disbursement of funds by the North Eastern Development Finance Corporation Ltd (NEDFi) during the last three years is as follows:


(Rs. in lakh) State 2004-05 2005-06 2006-07 Arunachal 778 610 725 Assam 2285 5342 6680 Manipur 105 50 69 Meghalaya 1542 3199 1321 Mizoram 85 70 115 Nagaland 152 32 105 Sikkim 88 128 354 Tripura 200 1000 55 Total 5235 10431 9424


(b) & (c): NEDFi operates in all States of the North-East including Sikkim. Though NEDFi makes efforts to achieve balanced deployment of credit in all the eight States, however, on account of inadequate entrepreneurship in some States, uneven development of infrastructure and industrial growth within the region, and remoteness, the capacity for absorption of credit is different in different States.

(d): The details of financial disbursements by NEDFi to each State of the North East are available on their web-site www.nedfi.com under the head “State-wise sanctions and disbursements”.

(e): NEDFi has not prioritized any sector for financial assistance. It has extended credit to viable projects in the following sectors: industrial projects, infrastructure, equipment leasing / financing, tourism, medical and aromatic plants, agriculture and allied activities, bamboo processing, Information Technology – Enabled Services (ITES), commercial complexes, micro – enterprises etc.

(f): The sector – wise sanction of projects by NEDFi in the last three years is given in the following table:

Sector – wise sanctions in last 3 years
Sector 2004-05 2005-06 2006-07 Total Rs. in lac Basic Metal 1429 2608 2368 6405 Cement 0 2309 3000 5309 Food Products 518 400 202 1120 Services 612 812 1203 2627 Infrastructure 3332 2134 1899 7365 Chemical Products 1534 2504 0 4038 Textiles 86 32 133 251 Information Technology 96 2 6 104 Paper Products 265 0 234 499 Plasticand PlasticProducts 186 421 0 607 Agri and Allied industries 99 51 438 588 Micro Finance 93 313 303 709 Miscellaneous 682 1546 4085 6313 Total 8932 13132 13871 35935

Miscellaneous sector includes pharmaceutical, stone crusher, brick and construction materials, trading and retail activities, electronic equipments, bamboo processing, handicraft, essential oil and other miscellaneous micro industries.