Dr Jitendra Singh invites young Start-Ups to avail Northeast Venture Fund

 

The Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh has invited young Start-Ups from all over the country to avail of the Venture Fund facility being provided by the Ministry of Development of Northeast to anybody who wishes to set up an entrepreneurship in the Northeast region.

Northeast Venture Fund, is the first dedicated venture capital fund for North-Eastern region and the initiative to set it up began in April this year. North-East Venture Fund” has been set up by North Eastern Development Finance Corporation Ltd (NEDFi), which already has the mandate to encourage entrepreneurship in the region, primarily by offering support to the first-generation entrepreneurs. In addition, the NEDFi also performs the role of hand-holding and capacity building.