Schemes undertaken under North East Venture Fund
North Eastern Development Finance Corporation Ltd. (NEDFi) under the Ministry of Development of North Eastern Region (MDoNER) has set up the North East Venture Fund (NEVF) in September, 2017, with a view to encourage entrepreneurs and Start-ups in North Eastern Region. The prime focus of the fund is to act as an enabler to stimulate enterprise building in the North Eastern Region and thereby contributing towards creation of the ecosystem required for nurturing and development of enterprises in North Eastern Region. Till date, under NEVF, Rs. 6631 lakh has been sanctioned to 31 start-ups. The state-wise details of the proposals sanctioned under North East Venture Fund during the last three years are given in Annexure I.
This information was given by The Minister of Development of North Eastern Region, Shri G. Kishan Reddy in the Rajya Sabha in a written reply today.
MG/IA
****
Annexure I
State-wise details of the proposals sanctioned under North East Venture Fund during the last three years:
(Rs. in lakh)
| Name of the State | FY18-19 | FY19-20 | FY20-21 |
| Assam | 1097.5 | 985.0 | 1329.0 |
| Manipur | 525.0 | 100.0 | 850.0 |
| Tripura | – | 25.0 | – |
| Arunachal Pradesh | 90.0 | – | – |
| Meghalaya | – | – | – |
| Nagaland | – | – | – |
| Mizoram | – | – | – |
| Sikkim | – | – | – |
| Total | 1712.5 | 1110.0 | 2179.0 |