§1Who it is for

  • Existing micro/small units upgrading
  • New micro/small units in thrust sectors
  • Small retail and service businesses

Useful if

Small Naga businesses needing cheap credit up to ₹10 lakh-₹1 crore.

Do not spend time on it if

Medium and large units.

§2Eligibility

  1. Upgradation: unit operational at least 2 years; viable plan; investment at least 25% of existing unit
  2. Udyam-registered, located in Nagaland
  3. Apply directly to the nominated bank/FI; bank selects beneficiaries within its target

§3Benefits

  • Upgradation: up to ₹10 lakh (tiny/micro) or ₹50 lakh (small) at 6% for P&M
  • New thrust-sector units: up to ₹20 lakh (micro) or ₹1 crore (small) at 6%
  • Retail & service: up to ₹10 lakh at 6%

§4Norms — pattern of assistance

  1. 25% of target reserved for women, 5% for PwD; 5% for green-technology units (new units window)
  2. Of 6% interest, 3% is bank service charge and 3% returns to corpus
  3. ZED-seeking units get priority (upgradation)
  4. Soft-loan units cannot claim State Capital Interest Subvention

§5Documents

Not published

The guideline does not list the documents. Ask the portal or bank before you apply — we do not make up lists.

§6How to apply

  1. 1

    Apply to nominated bank/FI (NStCB/NRB for micro and rural; NIDC for small and medium urban)

§7Pros and cons

Merits

  • Retail and service shops can get state credit, not only factories
  • No SCII approval needed first

Demerits

  • Bank selects within a fixed target - not an entitlement

→Related schemes

Need help with Nagaland 6% soft loan?

Eligibility check, DPR and application file — ask us on WhatsApp.

WhatsApp usServices

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Sources

  1. NTIIP 2025 paras 5.1.6, 6.1.1-6.1.3; Guidelines 8.3-8.5

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.