‘Venture Fund’ for boosting incredible talent of the Northeast youths
 Source : News Bharati English  Date : 09-Jul-2017

New Delhi, June 9: Several new initiatives for the youth of Northeast have already been rolled out while others are in the pipeline, informed Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), Dr Jitendra Singh.

Addressing an interactive session which was organised by the Confederation of Indian Industries (CII) in New Delhi, Dr Jitendra Singh said that the Ministry of Development of North Eastern Region (DoNER) has come out with a ‘Venture Fund’ for the young Start-Ups. He also added the information that considering the incredible talent of the Northeast youths in excelling in international athletics and gymnastics, a state-of-the-art Sports University will soon come up in Manipur, for which the land has already been acquired.

The idea of holding coaching classes for preparation of Civil Services Examination via satellite and tele-education for youth living in the remote parts of peripheral States, where they felt deprived of such facility unlike their counterparts in some of the metros and other cities was also proposed during the interactive session

Dr Jitendra Singh noted, “It is remarkable how the youth of Northeast had the capacity and determination to excel in diverse fields of activity, notwithstanding the constraints of lack of infrastructure or training/coaching facilities”. He also cited the example of the Tripura girl Dipa Karmakar who achieved world fame through her performance in Gymnastics and said that he was pleased to note that the Ministry of DoNER had also tried to mentor her during her preparatory phase, even though in her early phase she did not have enough access to any formal training.

Maintaining the fast fast-track improvement in connectivity and means of transport during the last three years, the Minister stated “the business houses, as well as investors, have started showing interest in Northeast, which would ultimately augur well for job creation and employment. Even this year there was a significant increase in the tourist flow, due to the priority is given to the Northeast region by the tour operators from the rest of the country”.

Dr Jitendra Singh asserted that that Public-Private-Participation (PPP) model will help to carry forward all these initiatives and the private sector can also be encouraged to spend a substantial part of CSR (Corporate Social-Responsibility) funds in the remote areas of NER. He also added saying, “for this purpose, I would take up with the Government, the feasibility of giving tax exemption for CSR spent in this region or fixing a certain mandatory percentage of CSR for this purpose”.