Indian government, NBFC launch $15m venture fund
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
The Ministry of Development of the North Eastern Region will contribute INR450 million while North Eastern Development Finance Corporation (NEDFi) will commit a further INR300 million. The balance of the...
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