About North East Venture Fund
- It is registered as a Category I Venture Capital Fund under Securities and Exchange Board of India (SEBI) Alternative Investment Funds (AIF) Regulations, 2012.
- An independent committee (Investment Committee) comprising of experienced professionals from the field of venture funding, private equity, developmental banking etc takes the investment decision.
- As a regulatory requirement, periodic reporting on the operation/compliances of regulation is placed before the contributors of NEVF and other concerned bodies in a structured manner.
- In addition, fund operation is also monitored by Reserve Bank of India (RBI) and Comptroller and Auditor General of India (CAG) in the form of periodic audit.
- It was established as a close ended fund with a target corpus of Rs. 100 crore.
- It has already received its targeted corpus with contribution of Rs. 30 crore from North Eastern Development Finance Corporation Ltd. (NEDFi), Rs. 25 crore from Small Industries Development Bank of India (SIDBI) and Rs. 45 crore from Ministry of Development of North Eastern Region (MDoNER).
- However, the contribution of MDoNER was given to NEDFi as interest free loan to be repayable in lump sum at the end of 15 years.
Q1) What is RBI?
The Reserve Bank of India (RBI) is the central banking institution of India. It is responsible for formulating and implementing the monetary policy of the country, managing the issuance and supply of the Indian Rupee, regulating and supervising the financial system, and maintaining the stability of the Indian currency and the overall financial system
Source: 37 startups funded under North East Venture Fund: MoDNER; check investment details
Last updated on July, 2025
→ UPSC Notification 2025 was released on 22nd January 2025.
→ UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.
→ UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025 are available now.
→ UPSC Calendar 2026 is released on 15th May, 2025.
→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.
→ UPSC Mains 2025 will be conducted on 22nd August 2025.
→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.
→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.
→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!
→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.
→ Also check Best IAS Coaching in Delhi