NEW DELHI: Led by Assam, there are at least 2,054 startups in the northeast region now, the central government informed on Thursday. While Assam has 1,487 startups, Manipur has 179, and Tripura has 141 startups so far, Minister of State in the DoNER Ministry, Dr. Sukanta Majumdar, said in a written reply to a question in Rajya Sabha.
In addition, the North Eastern Development Finance Corporation Ltd., an NBFC under the administrative control of the Ministry of Development of the North Eastern Region through the North East Enterprise Development Scheme (NEEDS) scheme, has been supporting first-generation entrepreneurs in developing the startup ecosystem of the North East Region of India.
The government, with 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 and departments.
Under the 10 percent 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.
The DoNER Ministry is also implementing five schemes under which development projects are posed by the state governments of the northeast region as well as by the central ministries/agencies for implementation in the region. (IANS)
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