Government planning venture fund for start-ups in northeast

The government was planning to create a venture fund for start-ups in the northeast region, DoNER Minister Jitendra Singh said on Wednesday.

Calling Sikkim's newly inaugurated organic farming project a booster for the economy of the northeast, he said: "The declaration of Sikkim as the first Organic State of India has opened up new vistas for start-up initiatives in organic farming in northeast."

At an event on a one-day conference on 'Start-up India' organised by business chamber Assocham, Jitendra Singh said India was on the verge of becoming a world power on the basis of its youth strength who comprise over 65 percent of the country's population and were thus the real torch-bearers of the 'Start-up India' mission.