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North East Venture Fund (NEVF)

Topic covered:

  1. Development processes and the development industry the role of NGOs, SHGs, various groups and associations, donors, charities, institutional and other stakeholders

 

North East Venture Fund (NEVF)

 

What to study?

For prelims and mains: Objectives, funding and significance of NEVF.

 

About North East Venture Fund (NEVF):

  • Set up by North Eastern Development Finance Corporation Limited (NEDFi) in association with Ministry of Development of North Eastern Region (M-DoNER).
  • It is the first dedicated venture capital fund for the North Eastern Region.
  • Objective: to contribute to the entrepreneurship development of the NER and achieve attractive risk-adjusted returns through long term capital appreciation by way of investments in privately negotiated equity/ equity related investments.
  • The investment under this schemer ranges from Rs. 25 lakh to Rs.10 crore per venture, which is long term in nature with investment horizon of 4-5 years.