The Neev fund invests in Projects being set up in the eight low income states of India viz. Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh and West Bengal.
The sectors in which Neev Fund invests include renewable power, urban infrastructure, agricultural supply chain, roads and social infra (healthcare and education).
The fund life is Eight years from the date of formation of the Trust.
The Limited Partners of the Fund are State Bank of India (“SBI”), the Department of International Development and United Kingdom (“DFID”) & Small industrial Development Bank of India (“SIDBI”).
SBICAP Ventures Limited is the Sponsor of the Fund.