In news– Recently, the Ministry of Rural Development (MoRD) and National Institute of Entrepreneurship and Small Business Development (NIESBUD) have signed an MoU to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the SVEP.
Key updates-
- Under the partnership, rural entrepreneurs will be able to 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.
- The beneficiaries of the project are from the Self-Help Group (SHG) ecosystem of DAY-NRLM and the scheme not only supports existing enterprises but new enterprises as well.
- The partnership will enable the rural community by helping them set up their trades and provide complete support till they are stabilized.
About the Start-up Village Entrepreneurship Programme (SVEP)-
- SVEP is a sub-component of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development and implemented since 2016.
- It aims to support entrepreneurs in rural areas to set-up enterprises at the village-level in non-agricultural sectors.
- It promotes both individual and group enterprises, set-up and promotes enterprises majorly in manufacturing, trading and service sectors.
- It focuses on providing self-employment opportunities with financial assistance and training in business management and soft skills while creating local community cadres for promotion of enterprises.
- The long term vision of the SVEP is to provide support for start-up to 1 crore village enterprises and provide direct employment to 2 crore people.
- SVEP addresses three major pillars of rural start-ups namely – finances, incubation and skill ecosystems.
- Activities under SVEP are strategically designed to promote rural enterprises, one of the key areas is to develop a pool of community resource persons – enterprise promotion (CRP-EP) who are local and support entrepreneurs setting-up rural enterprises.
- The CRP-EPs are certified and provide business support services to the entrepreneurs.
- Another key area is to promote the block resource center (BRC) in SVEP blocks, to monitor and manage the community resource persons, appraise SVEP loan applications and act as the repository of enterprise related information in the concerned block.
About NIESBUD-
- It is a premier organization of the Ministry of Skill Development and Entrepreneurship, engaged in training, consultancy, research, etc. in order to promote entrepreneurship and Skill Development.
- The major activities of the Institute include Training of Trainers, Management Development Programmes, Entrepreneurship-cum-Skill Development Programmes, Entrepreneurship Development Programmes and Cluster Intervention
Further reading: https://journalsofindia.com/deendayal-antyodaya-yojana-nrlm/
Source: PIB
