Ministry of Development of North-East Region
Schemes for Development of NER
Posted On: 03 JUL 2019 4:38PM by PIB Delhi
In addition to various ongoing schemes, the Ministry of Development of the North Eastern Region (MDoNER) jointly with North Eastern Development Finance Corporation Ltd (NEDFi), has set up the North East Venture Fund (NEVF), a dedicated Venture Fund for the North East Region. The Fund was formally launched on 9th September 2017. The fund is in line with the Central Government’s vision towards encouraging entrepreneurs and Start-ups for early stage & growth stage companies with new products & technologies or innovative business models. The investment under this scheme ranges from Rs. 25 lakh to Rs.10 crore per venture, which is long term in nature with investment horizon of 4-5 years.
The scheme is applicable for whole of the North Eastern Region including Assam. The list of proposals from Assam which have received investment commitment is as under:-
(Rs. in lakh)
| Sl. No | Name of company | Sectors | Investment Amount for NER | Area of operations of the company |
|---|---|---|---|---|
| 1 | Terra Blue Exploration Technologies (P) Ltd | Epilepsy diagnostic and monitoring device (Artificial Intelligence & IT in Healthcare) | 200 | Assam |
| 2 | ERC Eye Care (P) Ltd | Affordable eye care solution provider (Healthcare) | 150 | Assam, Nagaland &Arunachal Pradesh |
| 3 | Pratyaksha Agrotech (P) Limited | Tissue culture laboratory working on medicinal plants | 400 | Barak Valley, Assam, Tripura & Mizoram |
| 4 | ParkingRhino Online Services Pvt Ltd | Smart parking solutions provider based on AI and machine learning | 250 | Assam & Karnataka |
| 5 | Automovill Technologies Pvt Ltd | Aggregator of automobile servicing centers for car repair and maintenance | 180 | Assam &Karnataka |
| 6 | Symbiotic Food Pvt Ltd. | Commercial breeding of Pigs for production and sale of piglets. | 100 | Assam, Nagaland, Arunachal Pradesh |
| 7 | Northeast Flavors India Pvt. Ltd. | Bhut Jolokia based sauce | 172.5 | Assam, Manipur, Nagaland, New Delhi & Mumbai |
| 8 | Atvi Infotainment Pvt. Ltd. | Online and TV based infotainment service for news, media and entertainment from North East India | 450 | North Eastern States |
| 9 | Enclouden | The Company provides complete stake that can enable an enterprise to set up its own private cloud or VDI without any other product. | 450 | Assam & Karnataka (Bengalore) |
| 10 | Izake Design and Consultancy Pvt Ltd | Gift items, customized memorabilia, mementos and souvenirs etc with design-focused from Northeast culture. | 25 | Assam |
| 11 | Umananda Dairy Private Ltd. | Captive dairy farming ensuring delivery of fresh farm milk in greater Guwahati within 1-4 hours from Farm gate to Consumer Point. | 100 | Assam |
| 12 | M/s Olatus Systems Pvt Ltd | Electronics Company | 35 | North East and Pan India |
| Total | 2512.5 |
This information was provided by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question in Lok Sabha today.
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Source : PIB
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