New Delhi, May 26 (KNN) Since Northeast has huge unexplored potential for organic products, Union Minister Jitendra Singh said, on behalf of the DoNER Ministry, it has been decided to create a “Venture Capital Fund” for any youth who decides to initiate an enterprise in that region. 

On the completion of two years of completion of the NDA Government, Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), Minister of State (Independent Charge) for Youth Affairs and Sports, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said here that Government will offer incentives to young Start-ups and entrepreneurs.

Addressing a meeting of the Department of Youth Affairs, Singh said that, since by coincidence he simultaneously holds the charge of both Northeast as well as Youth Affairs, he will try to coordinate between the two Ministries to supplement each other’s efforts for encouraging youth from all over the country to set up entrepreneurship in Northeast.

While the Ministry of DoNER will provide “Venture Capital Fund” for Startups venturing in Northeast, Singh said, the Department of Youth Affairs will provide added support through its establishments like Nehru Yuva Kendra and other youth centres. (With PIB Inputs)