The Nagaland Industrial Development Corporation Limited (NIDC) is a Government of Nagaland undertaking, incorporated under the Companies Act, 1956 on March 26, 1970 with the objective to promote, develop, establish and assist economic 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 also functions as an SFC 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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