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UPSC START-UP VILLAGE ENTREPRENEURSHIP PROGRAMME - English

START-UP VILLAGE ENTREPRENEURSHIP PROGRAMME

Why in News?

Recently, 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.

  • 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.
  • The aim  of the SVEP is to Support the rural poor in poverty. Providing self-employment opportunities by providing training & development of skills.
  • It promotes both individual and group enterprises, majorly in manufacturing, trading and service sectors.
  • It invests on building the capacities of the entrepreneurs to run the businesses profitably based on the local demand and ecosystem.
  • SVEP established local markets/rural which motivated entrepreneurs to take up demand-based production, advertise their enterprise and increase earning opportunities.
  • The 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 .

Objectives of SVEP

  • It promotes both individual and group enterprises, majorly in manufacturing, trading and service sectors.
  • It invests on building the capacities of the entrepreneurs to run the businesses profitably based on the local demand and ecosystem.
  • It addresses three major pillars of rural start-ups namely finances, incubation and skill ecosystems.
  • Increases the GDP growth of the economy through employment opportunities.
  • Providing skill and training  activities  for  the people .
  • It will help in boost the secondary sector  of the indian  economy.

Success of the Initiatives

  • The SVEP initiative has  about overall 82% of the sampled entrepreneurs across the blocks reported being from SC, ST and OBC categories which signifies social inclusion.
  • It developed a good social inclusion in society.
  • 75% of the enterprises were owned and managed by women.

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