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North Eastern Development Finance Corporation

North Eastern Development Finance Corporation Ltd. (NEDFi), has organized a Startup Investment Festival, 2022 from 15.02.2022 to 15.03.2022. This event will provide a platform to local entrepreneurs to showcase their business ideas and to pitch for investment through access to capital for scaling up their businesses. It will also help them avail other facilities like handholding support, advisor network, investor network, marketing support etc.

The reason for organizing this event is to reach out to start-ups and first generation entrepreneurs of North Eastern Region (NER) and boost the start-up ecosystem in the region.

North East Venture Fund (NEVF) is a dedicated venture fund for the NER promoted by NEDFi, Ministry of Development of North Eastern Region (MDoNER) and Small Industries Development Bank of India (SIDBI). It was launched in September, 2017 with a corpus of Rs. 100 crore, with contributions of Rs. 45 crore as interest free loan from MDoNER, Rs. 30 croreby NEDFi itself and Rs. 25 crore from SIDBI. It is registered with Securities Exchange Board of India (SEBI) under SEBI (AIF) Regulations, 2012, as a sector agnostic fund. Till date, a total of 36 proposals have been given in-principle commitment (sanction) of Rs. 74.77 crore under NEVF – in Healthcare, Edutech, Agri&Agri Allied, Tourism, Food Processing, IT&ITES etc. sectors.

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