Northeast Venture Fund for Young Startups (Download PDF)

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Young Start-Ups can avail of the “Venture Fund” facility provided by the Ministry of Development of Northeast to anybody who wishes to set up an entrepreneurship Northeast region. Fund in addition to the provisions of tax holiday and exit period available in the Government of India’s “Standup India, Startup India” programme.

Image of Northeast Venture Fund for Young Startups

Image of Northeast Venture Fund for Young Startups

Image of Northeast Venture Fund for Young Startups

  • Would provide a huge financial relief to young entrepreneurs.

  • Over 65 proposals are already in the pipeline to use the fund.

  • The fund tries to exploit vast unexplored avenues of northeast, particularly in fruit, food, handicraft and tourism industry.

Details of the Northeast Venture Fund

  • Northeast Venture Fund the first dedicated venture capital fund for North-Eastern region

  • Set up in April 2017

  • “North-East Venture Fund” set up by North Eastern Development Finance Corporation Ltd (NEDFi), with mandate to encourage entrepreneurship in the region by supporting first-generation entrepreneurs.

  • NEDFi also does hand-holding and capacity building

What is NEDFi?

North Eastern Development Finance Corporation Ltd (NEDFi) is an ISO 9001: 2008 certified company since 2001 with mission of economic development of the North Eastern Region by identifying, financing and nurturing commercially and financially viable projects in the region:

  • Is a Public Limited Company registered under the Companies Act 1956 on 9th August, 1995.

  • Notified as Public Financial Institution under Section 4A of the Companies Act

  • Registered as an Non Banking Financial Company (NBFC) in 2002 with RBI.

  • NEDFi is managed by Board of Directors comprising of shareholders, DoNER, State Governments and eminent persons from the NE Region.

  • Provides financial assistance micro, small, medium, and large enterprises for setting up industrial, infrastructure projects in the North Eastern India and provides Microfinance through MFI/NGOs.

  • Offers consultancy & advisory services to the state Governments, private sectors and other agencies.

  • Conducts sector or state specific studies under Techno-Economic Development Fund (TEDF)

  • Designated nodal agency for disbursal of Govt. of India incentives to the industries in the North-East India under North–East Industrial and Investment Promotion Policy 2007 (NEIIPP 2007).

  • Promotional activities include NEDFi Convention Center, NEDFi Pavillion, Promotion of craft sector etc.

- Published/Last Modified on: October 2, 2017

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