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North East Venture Fund

GS Paper III Indian Economy

Context:

The government’s North East Venture Fund (NEVF) has invested in 37 startups since its launch in 2017 as per Minister of Development of the North East Region.

North East Venture Fund (NEVF):

NEVF, which is the first and the only dedicated Venture Fund for the North Eastern Region is gaining popularity among Start-Ups and young entrepreneurs.
The Venture Fund Scheme launched by the Ministry of Development of North Eastern Region (DoNER) intended to promote growth of business ventures and skill development in the region.
The fund targets to invest in Start-Ups and unique business opportunities to provide resources for new entrepreneurships.

News Source: Financial Express

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