CMD NEDFi Shri PVSLN Murty said the software will help entrepreneurs in far flung areas apply for loans through mobile devices, while Veefin Solutions will deploy LOS, LMS, LCS, mobile apps and a customer portal.
National, 12th May, 2026: Digital lending access in Northeast India is set to expand as North Eastern Development Finance Corporation Ltd. and Veefin Solutions Limited, Mumbai, have signed a multi year agreement to implement a cloud hosted lending ecosystem for NEDFi.
Under the contract, Veefin Solutions will deploy a Loan Origination System, Loan Management System and Loan Collection System for NEDFi. The system will also include mobile applications for sales and collection teams, along with a dedicated customer portal for borrowers.
The platform will connect with external systems, including credit bureaus and banking APIs, to create a more unified digital lending process. The agreement is aimed at improving credit access across the North Eastern Region of India, especially for borrowers in unserved and underserved areas.
CMD NEDFi Shri PVSLN Murty said: “Once it is fully implemented within the next few months, the new software will help NEDFi reach out to entrepreneurs in far-flung areas of the North-Eastern Region by using technology solutions. Especially the small borrowers in unserved and underserved areas will benefit immensely from this new software. Through the Mobile App, new entrepreneurs will be able to apply for loans through mobile devices, while existing customers will be able to see their account-related information on their smartphones. The new software will also enable the Corporation to expand its basket of financial products including working capital revolving loans, etc.”
Lemli Loyi, Executive Director of NEDFi, said Veefin Solutions was selected through an extensive RFP based process, with its LOS, LMS, LCS and mobile app solutions meeting NEDFi’s digital transformation requirements.
“Their deep functional expertise in lending and their robust, industry-standard software will be instrumental in modernizing our lending processes. This partnership is a key milestone in our mission to bring advanced financial services to the doorstep of the Northeast,” he said.
Raja Debnath, Chairman & Managing Director of Veefin Solutions Ltd., said: “We are thrilled to be a partner in NEDFi’s digital lending journey. This is a very prestigious and strategically important assignment for the Veefin group. We view the Northeast Region as vital in our efforts to help expand access to credit through technology, and we are committed to providing a secure, scalable, and high-performance platform that supports NEDFi’s growth for years to come.”
The platform will support NEDFi’s last mile credit goals in the Northeast and will include digital tools for employees, business correspondents and customers. The agreement also includes security and compliance measures aligned with RBI’s latest Master Directions on IT Governance and Outsourcing, along with end to end encryption and real time security monitoring.
NEDFi, headquartered in Guwahati, Assam, provides financial solutions to MSME enterprises and start ups across eight states of Northeast India. Its focus sectors include healthcare, tourism, food processing, education, IT enabled services, steel, cement and other building materials.
Veefin Solutions is an enterprise software technology company that builds core financial platforms for banks, NBFCs and regulated financial institutions. The company works across working capital, transaction banking and lending workflows in regulated financial environments.
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