business-northeast-logo

Startups receive funding under North East Venture Fund

BNE ADMIN


Spread the love

New Delhi: The distribution of start-ups who have received funding under the North East Venture Fund (NEVF) state-wise and year-wise is given in Annexure A.

Sector-wise details of the start-ups that have received funding from NEVF are given in Annexure B.

As of date details of job generated under start-ups funded by NEVF is given in Annexure C.

The fund is in operation since April 2017 and has made in-principle commitments for the investment of Rs. 73.76 Crore in 35 start-ups. Out of these 35 startups, a total of 21 start-ups have already availed funding of Rs. 35.62 Crore from NEVF.

This information was given by The Minister for  Development of North East Region Shri. G. Kishan Reddy in the Lok Sabha in a written reply.

MG/RNM

Annexure A Number of start-ups invested, year wise and state wise

YearStateNo. of startups invested
2017-2018Assam1
Sub-Total1
2018-2019Assam6
Sub-Total6
 2019-2020Arunachal Pradesh1
Assam4
Manipur1
Sub-Total6
 2020-2021Assam2
Manipur1
Tripura1
Sub-Total4
 2021-2022Assam3
Manipur1
Sub-Total4
 Grand Total21

Annexure B

Sl NoSectorNumber of Start-ups receiving funding
 1Information Technology Enabled Services Services1
2BioTech/ Healthcare2
 3 Media1
 4 Industrial Product2
 5 Fast Moving Consumer Goods (FMCG)1
6Food Processing2
7Agriculture2
 8 Hospitality/ Tourism1
9Services8
10Logistics1
 Total21

BNE ADMIN