New Delhi: The North-Eastern Region of the country is fast emerging as a hub of Start-up ecosystem such as incubators, accelerators and other venture funds. As on 31st January, 2022, Department for Promotion of Industry and Internal Trade (DPIIT) has recognized 674 Start-ups from the states of NER comprising Arunachal Pradesh (8), Assam (499), Manipur (68), Meghalaya (17), Mizoram (6), Nagaland (21), Sikkim (8), and Tripura (47).

Besides, the North East Development Finance Corporation Ltd has released a total of Rs 41.14 crore to 22 Start-ups till date through North East Venture Fund (NEVF) and a total of 36 proposals have received in principle commitment of Rs. 74.76 crore. The Central government has taken various important initiatives for improving air, rail and road connectivity thereby accelerating the development of the NER.

Several initiatives have been undertaken by the government for the development of NER on a large scale since 2014-15.  As per the extant guidelines, all 54 non-exempted Central Ministries/Departments are mandated to spend at least 10 per cent of their Gross Budgetary Support (GBS) for Central Sector and Centrally Sponsored Schemes in the NER. /BI/