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:
- Concentrate on such funds constituted by the government.
- Their objectives.
- Who governs them?
Mains Link:
Write a note one the North East Venture Fund (NEVF).
Sources: pib.
