MDoNER highlights Schemes for Development of NER

Ministry of Development of North Eastern Region (MDoNER)
Ministry of Development of North Eastern Region (MDoNER)

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 has informed that 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 9thSeptember 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) 200.00 Assam
2 ERC Eye Care (P) Ltd Affordable eye care solution provider (Healthcare) 150.00 Assam, Nagaland &Arunachal Pradesh
3 Pratyaksha Agrotech (P) Limited Tissue culture laboratory working on medicinal plants 400.00 Barak Valley, Assam, Tripura & Mizoram
4 ParkingRhino Online Services Pvt Ltd Smart parking solutions provider based on AI and machine learning 250.00 Assam & Karnataka
5 Automovill Technologies Pvt Ltd Aggregator of automobile servicing centers for car repair and maintenance 180.00 Assam &Karnataka
6 Symbiotic Food Pvt Ltd. Commercial breeding of Pigs for production and sale of piglets. 100.00 Assam, Nagaland, Arunachal Pradesh
7 Northeast Flavors India Pvt. Ltd. Bhut Jolokia based sauce 172.50 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 450.00 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. 450.00 Assam & Karnataka (Bengalore)
10 Izake Design and Consultancy Pvt Ltd Gift items, customized memorabilia, mementos and souvenirs etc with design-focused from Northeast culture. 25.00 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. 100.00 Assam
12 M/s Olatus Systems Pvt Ltd Electronics Company 35.00 North East and Pan India
Total 2512.50

 

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