AGARTALA, Dec 17 (TIWN): Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has announced incentives for startup entrepreneurship in Northeast and said, this would encourage avenues of employability and livelihood not only for youth from the region, but also from all over the country.

Speaking at an interactive programme organized by the Northeast MPs’ Forum here yesterday, Dr Jitendra Singh said, “Startup India, Standup India” is the most unique programme in the world ever started anywhere and it offers unprecedented incentives like 3 years of tax holiday and 3 months of exit period.

In addition to the incentives already announced in the programme, Dr Jitendra Singh said, the Ministry of DoNER has decided to provide an additional incentive of Venture Capital Fund for any youngster from any part of India who wishes to set up a "Start-Up" entrepreneurship in Northeast. Besides, he said, the North East Development Finance Corporation (NIDFi) also has provision to provide easy loans to set up entrepreneurship.

With enormous unexplored avenues including organic farming and manufacturing, he said, Northeast has the capacity to emerge as the favourite destination for young startups from all over India, he added.

Dr Jitendra Singh also disclosed that "Northeast Industrial Policy" has also been revived.