Start-up Village Entrepreneurship Programme (SVEP) is a sub-component of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development.
It aims to support entrepreneurs in rural areas to set up enterprises at the village level in non-agricultural sectors. In line with the Government’s mission that Indians should dream of becoming job creators from job seekers.
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.
SVEP will help create an innovative ecosystem, accelerating economic and social gains at the community level.
The scheme also aims at building an inclusive society by providing equal opportunities to all along with the required financial support.
National Institute of Entrepreneurship and Small Business Development
To further the objective of the Start-up Village Entrepreneurship Programme, the Ministry of Rural Development (MoRD) has signed an MoU with the National Institute of Entrepreneurship and Small Business Development (NIESBUD) to develop a sustainable model for promoting entrepreneurship at the grassroots by initiating the Start-up Village Entrepreneurship Programme (SVEP).
This partnership will enable the rural community by helping them set up their trades and provide complete support till they are stabilized. This pragmatic intervention will provide knowledge, advisory and financial support to the public and will help create a village-level community cadre.
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.