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North East Venture Fund (NEVF)

Topics Covered: Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and bodies constituted for the protection and betterment of these vulnerable sections.

North East Venture Fund (NEVF)

What to study?

For Prelims: Funding, investment and objectives.

For Mains: Significance of the fund.

Context: The NEVF (North East Venture Fund) disbursed over Rs.18 crore to 12 start-ups till date- information given in Parliament.

About North East Venture Fund (NEVF):

  • Launched in September 2017.
  • Set up by North Eastern Development Finance Corporation Limited (NEDFi)in association with Ministry of Development of North Eastern Region (M-DoNER).
  • It is a close ended fund with capital commitment of Rs 100 crore.
  • 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.

Insta Link:

Prelims Link:

  1. Concentrate on such funds constituted by the government.
  2. Their objectives.
  3. Who governs them?

Mains Link:

Write a note one the North East Venture Fund (NEVF).

Sources: pib.