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The
Nagaland Industrial Development Corporation Limited
(NIDC) is a Government
of Nagaland undertaking, incorporated on March 26,
1970 with a mandate to assist, develop and promote
industrial growth in the State.
Besides funding long-term needs of industrial ventures
by way of loans and capital infusion, NIDC is instrumental
in development of infrastructure, providing technical
and commercial know-how to entrepreneurs.
NIDC operates as a dual function IDC in the absence
of a separate State Financial Corporation in the
state.
In the backdrop of the liberalized National economy,
NIDC is undergoing organizational and operational
restructuring to meet the demands of a dynamic economy.
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