Context:
- The government’s North East Venture Fund (NEVF) has invested in 37 startups since its launch in 2017 as per Minister of Development of the North East Region.
- NEVF, which is the first and the only dedicated Venture Fund for the North Eastern Region is gaining popularity among Start-Ups and young entrepreneurs.
- The Venture Fund Scheme launched by the Ministry of Development of North Eastern Region (DoNER) 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.