CrackitToday App

Start-Up Village Entrepreneurship Programme

Start-Up Village Entrepreneurship Programme:

The National Institute of Entrepreneurship and Small Business Development (NIESBUD has signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP).

  • 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 stabilised.
  • This pragmatic intervention will provide knowledge, advisory and financial support to the public and will help create village-level community cadre.
  • SVEP is a sub-scheme of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM), Ministry of Rural Development and has been implemented since 2016.
  • Aim:
    • Support the rural poor to come out of poverty.
    • Providing self-employment opportunities with financial assistance and training in business management and soft skills.
    • Create local community cadres for promotion of enterprises.