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Tag: Venture Fund

Center Invites Young Start-Ups to Northeast

[New Delhi]Dr Jitendra Singh invites young Start-Ups to Northeast
The Union Minister Dr Jitendra Singh invited young Start-Ups from all over India to come to Northeast and try their fortune through unexplored potentials of the region.
Addressing a gathering of participants, after going through the various stalls put up at the “Skill India” exhibition at the Jawaharlal Nehru Stadium today, Dr Jitendra Singh said, while all the avenues of livelihood and new ventures are gradually getting exhausted in other parts of the country and States, the immense unexplored avenues and potentials of North Eastern region are still available and beckoning the young entrepreneurs to come and try their luck.
Northeast Venture Fund, said Dr Jitendra Singh, is the first dedicated venture capital fund for North-Eastern region and the initiative to set it up began in April last year. He further explained that “North-East Venture Fund” has been set up by North Eastern Development Finance Corporation Ltd (NEDFi), which already has the mandate to encourage entrepreneurship in the region, primarily by offering support to the first-generation entrepreneurs. In addition, the NEDFi also performs the role of hand-holding and capacity building, he said.
Dr Jitendra Singh said, the region has huge potential for young Start-Ups unlike many other parts of the country and hoped that the patronage being provided by the Central government will make up for the constraints faced by a youngster when he sets out to be on his own.
Photo Caption
The Minister of State for Development of North Eastern Region (I/C), Prime Minister’s Office, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh going around the various stalls put up at the “Skill India” exhibition, at Jawaharlal Nehru Stadium, in New Delhi on February 18, 2018.