Northeast Venture Fund Current Affairs

Government invites startups for Northeast Venture Fund

The Ministry of Development of Northeast has invited start-ups from all over country to avail benefits of Northeast Venture Fund in a bid to make Northeast India favourite destination for young Startups.

The dedicated Venture fund aims to remove constraints faced by youngster when he sets out to be on his own by providing financial relief. Further it seeks to tap vast unexplored avenues in Northeast for generating livelihood particularly in fruit, food, handicraft and tourism industry.

Northeast Venture Fund (NVF)

NVF is first dedicated venture capital fund for North-Eastern region. It has been set up by North Eastern Development Finance Corporation Ltd (NEDFi). Its purpose is to encourage entrepreneurship in North-eastern region, primarily by offering support to first-generation entrepreneurs. In addition, NEDFi performs role of hand-holding and capacity building.

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