The North East Venture Fund (NEVF)

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

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.