NORTH EAST VENTURE FUND (NEVF)

About:

• It was introduced by the NDA government. The Ministry of Development of North Eastern Region (DoNER) had joined with North Eastern Development Finance Corporation Ltd (NEDFi) to set up the North East Venture Fund.
  
  
• It the first and the only Venture Fund for Northeast with an initial corpus of Rs. 100 crores.
  
  
• The fund targets to invest in Start-Ups and unique business opportunities to provide resources for new entrepreneurships.
  
  
• The main focus of NEVF is for mostly the enterprises involved in Food Processing, Healthcare, Tourism, segregation of services, IT, etc.
  
  
• The investment size with the Venture Fund Scheme ranges between Rs.25 lakhs and Rs. 10 crores with a long term horizon of five to ten years.