An auto-generated 'Acknowledgment Mail' will be sent to your registered email id to confirm successful registration. A unique registration number will also be mentioned in the Acknowledgment Mail.

No. NABFOUNDATION will not provide any money. However, we will provide training/skilling programmes along with certificates and co-create opportunities for credit linkages with banks in NER.

No. All training and skilling programmes will be imparted entirely free of cost!

No direct credit will be made available under Project NEW by NABFOUNDATION or any of the partner agencies. Project NEW will only work towards facilitating credit linkages. The actual delivery of credit, like in all cases, will depend upon the individual bank’s systems and requirements for processing loan applications covering major issues like security offered and applicant's credit history. The credit support will be determined on the basis of the credit norms.

No. Project NEW does not guarantee employment. Upon successful registration, you will receive opportunities for possible credit linkages and for partaking in skilling/training programs.

The skilling programmes will be linked to the feedback received under the programme. Generally speaking, we see a demand for the following activities:
Piggery, Dairy, Goat and Sheep Rearing, Broiler and Layer Poultry, Aquaculture, Beekeeping, Incense Stick Manufacturing, Ginger and Turmeric Processing, Pineapple Processing and Packaging, Bamboo plantation, Mushroom Cultivation, Animal Feed and Fodder, Spices Processing Unit, Nurseries and Hatchery Units, Rainwater Harvesting Structures, Eco-Tourism, Health Care and Fitness, Hospitality. ^*
* The above-mentioned activities are indicative.

Yes, it is absolutely safe to provide your details to NABFOUNDATION. The website uses the highest rated security norms and is hosted on an internal and fully secure server of NABARD.
These details will be only used to:

• Understand your area of interest and organize skilling programs accordingly.
• Share details about your aspirations with stakeholders such as banks and local government bodies to facilitate credit linkages.

The norms for availing any bank loan are unique to each bank. Normally the broad terms relating to the amount, interest rate and repayment period are determined by :

1. purpose/requirement for loan
2. the agency/lender from which the loan is being sought

Though different banks have different requirements, generally speaking, a bank would require you to submit the following documents while availing a loan :

• Duly filled application form with Passport-sized photographs
• KYC documents of applicant and co-applicants that include Passport, Aadhar card, Voter’s ID card, Driving License, PAN Card and Utility Bills (Telephone & Electricity Bills)
• Business Plan (the loan seeker has to have a complete knowledge of this plan)
• Last 12 months’ bank statement^* (wherever applicable)
• Business Incorporation Certificate (wherever applicable)
• Business Address Proof and PAN card
• Any other document required by the lender

^*This is subject to change depending on the lender/agency and purpose of loan.

The ELIGIBILITY CRITERIA for availing loans also varies across banks, however, some general ones are:

• Age of the applicant should be between 18-65 years
• The applicant must be a citizen of India.
• Applicants should have a business plan.

For setting up a start-up/enterprise particularly, the following business loans can be looked at -

NABFOUNDATION’s Project NEW (Northeast-region Entrepreneurs’ World) is a first-ever, tech-based initiative to map the livelihood aspirations of the youth in all eight states of North-east India.

Project NEW aims to target the youth of the North-east who possess a clear vision about what they want to do in terms of setting up a start-up, a business venture, a collective idea or any other livelihood option but do not have the required skillsets or access to formal credit support to set up the same.

Though abundant in resources, the North-east Region (NER) remains far behind its true potential in terms of livelihood and employment opportunities.
Today, the outmigration of youth from the North-east to different parts of the country is one of the prime challenges that requires immediate addressal.
Upon close examination, we find that the main reasons behind this outmigration are -

1. Lack of knowledge of opportunities and support in NER.
2. Lack of skills in the North-east youth which further pushes them to find low-skilled opportunities in other parts of the country. This finding is supported by NSS Data of 2011-12, which shows that a mere 0.4% of the NER youth have acquired formal skills against 3.9% of the whole of India.

The North-east Region, with its multiple cultures and geographical challenges, has been a key focus area for NABARD. Project NEW is being implemented by NABFOUNDATION, a subsidiary of NABARD to promote a culture of self-employment and entrepreneurship in the North-east.

In short, project NEW aims to address the challenges of precision skilling and lack of entrepreneurship in NER by first understanding precisely what the aspirations of the North-east youth are.

Project NEW will help the youth of the North-east by first mapping their livelihood aspirations and then supporting these aspirations through the requisite skilling/training programmes and facilitation of credit linkages.
Therefore, the project will take place in two phases -
In phase 1: Through the registration form, NABFOUNDATION will collate data about livelihood aspirations of the interested North-east youth.
In phase 2: NABFOUNDATION will match these livelihood aspirations to organize skilling/training programmes and facilitate credit linkages for the interested North-east youth.
These two phases together will promote a culture of self-employment and entrepreneurship in the North-east.

For the first time ever, an exercise of skill mapping is being undertaken collectively for all eight states of the North-east. This is a collective effort in convergence mode and combined efforts are being made by some of the most prominent organizations and individuals in the development sector.
Moreover, Project NEW is solely targeted at the youth of the North-east, a population whose vast potential remains untapped to date.

Project NEW has been ideated and developed by NABFOUNDATION, a Section 8, not-for-profit, fully-owned subsidiary of NABARD, to facilitate entrepreneurship, credit linkages, and self-employment in NER. NABFOUNDATION is the primary managerial and organizational agency that will be running project NEW and its different facets.

Under project NEW, NABFOUNDATION has tied up with multiple partner agencies across the North-east. These agencies will be providing the training.

The implementing partners for project NEW are Seven Sisters Development Assistance (SeSTA), Leaders Connect (YouthNet), and TiLi.