Imphal: The North Eastern Development Finance Corporation Limited pushed its total loan sanctions to Rs 977.42 crore for the 2025-26 fiscal year. This marks a jump from the Rs 882.98 crore recorded the previous year. The corporation confirmed the figures during its 31st Annual General Meeting held in Guwahati on September 29.
CMD PVSLN Murty said, "The corporation sanctioned loans worth Rs 977.42 crore during FY 2025-26, up from Rs 882.98 crore in the previous financial year." Cumulative sanctions for the entity now stand at Rs 10,091.80 crore across 34,327 projects.
Financial health improved alongside the lending growth. Gross income climbed 4.40 per cent to Rs 270.82 crore, with interest income hitting Rs 214.94 crore. Profit before tax reached Rs 127.77 crore, leaving a net profit of Rs 92.23 crore. The board recommended a 7 per cent dividend for shareholders.
Asset quality strengthened. Gross non-performing assets dropped to 1.71 per cent from 1.88 per cent, even as outstanding loans rose to Rs 2,269.05 crore. Beyond direct lending, the North East Venture Fund has backed 70 start-ups. Meanwhile, the Manipur Start-up Venture Fund and NRL Ideation Angel Fund have pushed over Rs 33 crore into local regional businesses.
Social work continued throughout the year. CSR programs assisted 1,291 people with job training and livelihoods, while 4,525 artisans used marketing support. Management plans to increase credit access for underserved areas, focusing heavily on MSMEs, microfinance clients, and new entrepreneurs.
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