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North-East Venture Fund (NEVF)

The North-East Venture Fund (NEVF) aims to support startups across India by providing a corpus of Rs 100 crore. Investments range from Rs 25 lakhs to Rs 10 crore per venture, focusing on innovative entrepreneurs with viable business models and strong growth potential over a 4-5 year horizon.

केंद्रीय

राज्य / केंद्र शासित प्रदेश: All India

मंत्रालय / नोडल: Ministry of Development of North Eastern Region

योजना किसके लिए: Startups

योजना प्रोफ़ाइल

डीबीटी (प्रत्यक्ष लाभ अंतरण): नहीं

लक्षित लाभार्थी: Startups

टैग: startups, Funding

विवरण

Brief

Set up by North-Eastern Development Finance Corporation Limited (NEDFi) in association with the Ministry of Development of North-Eastern Region (M-DoNER), the North-East Venture Fund scheme was launched in September 2017. It is the first dedicated venture capital fund for the North-Eastern Region (NER).

Eligibility

  • Entrepreneurial person with innovative vision and implementation power
  • Strong management team and commitment
  • Viable business model with sustainable growth
  • Large scaling opportunities
  • Market-fit product with good traction
  • Realistic exit potential

Fund / quantum

  • target corpus of Rs. 100 crore

Tenure

  • Active

Benefit tags

  • Funding

Notes

  • The Ministry of Development of the North-Eastern Region (DoNER) along with the North-Eastern Development Finance Corporation Ltd. (NEDFi) has set up the North-East Venture Fund (NEVF). The main aim of collecting this fund is to use it in certain development projects in the North-East. The DoNER has aimed to collect Rs 100 crore under the NEVF out of which 45 crores will be contributed by DoNER, 30 crore by NEVF, and the rest principal amount will be contributed by the Small Industries Development Bank of India (SIDBI). The collected fund is to be invested in different sectors by a committee of experts including bankers, financial advisors, and investors. Till now Rs. 1092.5 lacs has already been invested in start-ups in various sectors from health, technology, tourism, media, etc.

लाभ

  • - Corpus of Fund equal to Rs 100 crore
  • The investment under this scheme ranges from Rs. 25 lakhs to Rs.10 crore per venture, which is long term in nature with an investment horizon of 4-5 years
  • Corpus of Fund equal to Rs 100 crore.
  • The investment under this scheme ranges from Rs. 25 lakhs to Rs.10 crore per venture, which is long term in nature with an investment horizon of 4-5 years.

पात्रता

  • Entrepreneurial person with innovative vision and implementation power

  • Strong management team and commitment

  • Viable business model with sustainable growth

  • Large scaling opportunities

  • Market-fit product with good traction

  • Realistic exit potential

  • target corpus of Rs. 100 crore

  • Active

आवेदन प्रक्रिया

Online / portal

Official application / information link: https://www.nedfiventure.com/funds/

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html

संदर्भ

आवेदन करें

अभी आवेदन करें

आधिकारिक आवेदन या कार्यक्रम पोर्टल नए टैब में खुलता है। संदेह हो तो मंत्रालय की साइट पर विवरण सत्यापित करें।

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status