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Start-Up Village Entrepreneurship Programme

  • IASbaba
  • September 19, 2020
  • 0
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Start-Up Village Entrepreneurship Programme

Part of: GS Prelims and GS-III – Start-ups; Entrepreneurship

In news

  • Women Self Help Groups (SHGs) under the Start-Up Village Entrepreneurship Programme (SVEP) stepped up as effective frontline responders during the ongoing Covid-19 pandemic.

Important value additions

Start-Up Village Entrepreneurship Programme (SVEP) 

  • SVEP is a sub-scheme of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM).
  • Ministry: Ministry of Rural Development.
  • Implemented: 2016.
  • It has extended business support services and capital infusion to 153 blocks of 23 states as of August 2020.
  • Partner: Entrepreneurship Development Institute of India (EDII), Ahmedabad. 
  • Aim: (1) Support the rural poor to come out of poverty; (2) Support the people to set up enterprises and provide support until the enterprises stabilise; (3) Providing self-employment opportunities with financial assistance and training 
  • It addresses three major pillars of rural start-ups namely finances, incubation and skill ecosystems.

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