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Neev Fund

1.Which are the Target States in which the Neev Fund invests?

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.

2. Which are the Target Sectors in which Neev Fund can invest?

The sectors in which Neev Fund invests include renewable power, urban infrastructure, agricultural supply chain, roads and social infra (healthcare and education).

3. What is the life of the Fund?

The fund life is Eight years from the date of formation of the Trust.

4. Who are the Limited Partners (contributors) to the Fund?

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”).

5. Who are the sponsors of the Fund?

SBICAP Ventures Limited is the Sponsor of the Fund.