The Fund

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Sl. Particulars Details
01 Name of the Scheme North East Venture Fund (NEVF)
02 Corpus of the fund Rs. 100 Crores.
03 Anchor Investors of the fund
  • Ministry of Development of North Eastern Region (M-DoNER)
  • North Eastern Developement Finance Corporation Limited (NEDFi)
04 Sponsors of the fund North Eastern Development Finance Corporation Limited (NEDfi)
05 Investment Manager NEDFi Venture Capital Limited (NVCL), a wholly owned subsidiary of NEDFi.
06 Objective of the fund
  • Investments in startups, early stage and growth stage companies.
  • Invest in new products and technologies.
  • Invest in innovative business models with superior value proposition and potential for high growth in earnings and profitability.
  • To contribute to the entrepreneurship development of the North Eastern Region.
07 Nature of Financial Assistance
  • Equity
  • Convertible preference shares
  • Debentures
08 Focus Area

Prime focus of the fund will be to Investment in Projects/unit in the following sectors:

  • Food Processing
  • Tourism
  • Health Care
  • IT&ITES
  • Aggregation of Service
09 Investment Size Min: Rs. 25.00 lakhs.
Max: Rs.10.00 crores.