Q. Which of the following statements regarding the "North East Venture Fund" (NEVF) is correct?
A. It is a dedicated venture fund for the North East region with a corpus of Rs. 100 crores.
B. It is managed by SIDBI.
C. It focuses only on large scale industries.
D. It was established in 1990.
View Answer
Answer: It is a dedicated venture fund for the North East region with a corpus of Rs. 100 crores.
Explanation: NEVF was set up by NEDFi (not SIDBI alone) with the Ministry of DoNER with a corpus of Rs 100 crore to support startups.