North East Venture Fund

North East Venture Fund(NEVF) has disbursed over Rs.18 crore to 12 start-ups till February,2020, as per the data provided in the Parliament.
NEVF was launched in 2017 by the North Eastern Development Finance Corporation Limited(NEDFi) in association with the Ministry of Development of North Eastern Region(M-DoNER).
Aim: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 related investments.
It focuses on startups in five sectors namely a) food processing b) healthcare c) tourism d) aggregation of services and e) IT and IT-enabled services.
It is a close ended fund with capital commitment of Rs 100 crore.Each investment will be limited to a minimum of Rs.25 lakh and a maximum of Rs.10 crores with long term investment horizon of 4-5 years.