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Aparna
Aparna

Aparna

  • Lucknow, India
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Asked: 2021-10-16T00:04:18+05:30 In:

What is North East Venture Fund (NEVF)?

The North East Venture Fund (NEVF).

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      Context:

      The North East Venture Fund (NEVF) is gaining popularity among Start-Ups and young entrepreneurs.

      North-East Venture Fund (NEVF)

      • It is the first and the only dedicated Venture Fund for the North Eastern Region.
      • The Venture Fund Scheme was launched by the Ministry of Development of the North Eastern Region (DoNER).

      The significance of the Venture Fund Scheme?

      • It is intended to promote the growth of business ventures and skill development in the region.  The fund targets to invest in Start-Ups and unique business opportunities to provide resources for new entrepreneurship.
      • The main focus of the North East Venture Fund (NEVF) is for mostly the enterprises involved in Food Processing, Healthcare, Tourism, segregation of services, IT, etc.
      • It was launched with the initial motivation to provide a livelihood to the youth of the North-Eastern region.
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