Parul
The Central government announced that there are already at least 2,054 startups in the northeast India, led by Assam.
While Assam has 1,487 startups, Manipur has 179 and Tripura has 141 startups so far, Minister of State in DoNER Ministry, Dr Sukanta Majumdar, said in a written reply to a question in Rajya Sabha.
In addition, the Northeastern Development Finance Corporation Ltd., an NBFC under the administrative control of the Ministry of Development of the Northeastern Region through the Northeast Enterprise Development Scheme (NEEDS) scheme, has been supporting first-generation entrepreneurs in developing the startup ecosystem of Northeast Region of India.
The government, with an intent to build a strong ecosystem for nurturing innovation and startups and encouraging investments in the startup ecosystem of the country launched the ‘Startup India’ initiative on January 16, 2016.
The Centre is implementing various flagship and other schemes for the development of the northeast region through the respective ministries/departments.
Under 10 per cent general budget allocation (GBS), an expenditure of Rs 5.74 lakh crore has been incurred by Central ministries/departments since the financial year 2014-15, according to the Ministry of Development of North-East Region.
