Lok Sabha Question No. 1842 (UNSTARRED), answered on 2019-07-03
Subject: Schemes for Development of NER
Ministry: DEVELOPMENT OF NORTH EASTERN REGION
Asked by: Naba (Hira) Kumar Sarania

Government of India Ministry of Development of North Eastern Region

## LOK SABHA UNSTARRED QUESTION NO. 1842

To be answered on

Wednesday, July 3, 2019/Ashadha 12, 1941 (Saka)

## QUESTION

## Schemes for Development of NER

†1842. SHRI NABA KUMAR SARANIA:

Will the Minister of DEVELOPMENT OF NORTH EASTERN REGION be pleased to state:

- (a) whether the Government is paying special attention to the North Eastern States;
- (b) if so, the details of various schemes started for the North Eastern States during the last three years, year and State-wise under the North Eastern Venture Fund;
- (c) the details of schemes started for the State of Assam including the names of the districts in which the works related to it have been started;
- (d) the names of schemes in Assam under which allocation has been made during the last three years, scheme-wise, the amount of funds allocated;
- (e) whether  any  agreement  has  taken  place  with  any  entity  for  North  Eastern Venture Fund; and
- (f) if so, the details thereof?

## ANSWER

## The Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region [Dr. Jitendra Singh]

- (a) Yes Sir.
- (b) 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  9 th 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.

(c) to (f)  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 Area of operations of the company   |
|----------|--------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|
| 1        | Terra Blue Exploration Technologies (P) Ltd Epilepsy diagnostic monitoring device Intelligence & IT in | and (Artificial Healthcare)                                                                                                         | 200.00Assam                                               |
| 2        | ERC Eye Care (P) Ltd Affordable eye care provider (Healthcare) .                                       | solution                                                                                                                            | 150.00Assam, Nagaland &Arunachal Pradesh                  |
| 3        | Pratyaksha Agrotech (P) Limited                                                                        | Tissue culture laboratory working on medicinal plants                                                                               | 400.00Barak Valley, Assam, Tripura & Mizoram              |
| 4        | ParkingRhino Online Services Pvt Ltd                                                                   | Smart parking solutions provider based on AI and machine learning                                                                   | 250.00Assam & Karnataka                                   |
| 5        | Automovill Technologies Pvt Ltd                                                                        | Aggregator of automobile servicing centers for car repair and maintenance                                                           | 180.00Assam &Karnataka                                    |
| 6        | Symbiotic Food Pvt Ltd.                                                                                | Commercial breeding of Pigs for production and sale of piglets.                                                                     | 100.00Assam, Nagaland, Arunachal Pradesh                  |
| 7        | Northeast Flavors India Pvt. Ltd.                                                                      | Bhut Jolokia based sauce                                                                                                            | 172.50Assam, 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                                    | 450.00North 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. | 450.00Assam & Karnataka (Bengalore)                       |
| 10       | Izake Design and Consultancy Pvt Ltd                                                                   | Gift items, customized memorabilia, mementos and souvenirs etc with design- focused from Northeast culture.                         | 25.00Assam                                                |
| 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.   | 100.00Assam                                               |
| 12       | M/s Olatus Systems Pvt Ltd                                                                             | Electronics Company                                                                                                                 | 35.00North East and Pan India                             |
|          |                                                                                                        | Total                                                                                                                               | 2512.50                                                   |