SVEP

SVEP

Topic: Government Schemes

Section: Employment

Context: NIESBUD signed a MoU with the MoRD to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP).

Concept:

SVEP:

• It is a sub-component of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development (MoRD).
• Aim: To support entrepreneurs in rural areas by setting-up enterprises at the village-level in non-agricultural sectors.
• Benefits:
• enable the rural community set up their trades
• provide complete support till they are stabilized
• provide knowledge, advisory and financial support to the public and will help create village-level community cadre
• access banking systems for receiving financial support for starting their enterprises, including support from MUDRA bank
• Integrated ICT techniques and tools will also be provided for training and capacity building along with enterprise advisory services to augment the entrepreneurship ecosystem in India’s villages
• Beneficiaries:
  • Self-Help Group (SHG) ecosystem of DAY-NRLM
  • support existing enterprises and new enterprises as well
• Significance:
• Indians becoming job creators from job seekers
• create an innovative ecosystem, accelerating economic and social gains at the community level
• build an inclusive society by providing equal opportunities to all along with the required financial support
• increase the income of rural community and
• Pave the way for building Aatmanirbhar Bharat.