India

Centre considering 60 startup proposals in NE

Photo Courtesy: NCW::North East Cell

September 01,2017:     DoNER: The Centre is considering over 60 proposals for start-ups in the Northeast, and will provide initial funds for such initiatives under a new scheme. Minister for Development of North-Eastern Region (DoNER), Jitendra Singh said the Northeast Venture Fund was the first dedicated venture capital fund for the region.

He said his ministry would offer an additional benefit of providing the initial funds to any youngster planning to set up an enterprise. Hundreds of queries are pouring in each day with the DoNER Ministry, the minister said. The Northeast Venture Fund is attracting young start-ups in more and more numbers and has generated huge enthusiasm among entrepreneurs looking for an opportunity in the region. The Fund has been set up by the North Eastern Development Finance Corporation Limited with the mandate to encourage entrepreneurship in the region by offering support, primarily to first-generation entrepreneurs.   (AIR NEWsssssS)

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