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The North East Venture Fund (NEVF)

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    12th Jan, 2021

Context

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

What is 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 North Eastern Region (DoNER).

What are the significances of Venture Fund Scheme?

    • It is intended to promote 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 entrepreneurships.
    • The main focus of 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 livelihood to youth of the North Eastern region.