Start-up Ecosystem In India

[pib] Start-Up Village Entrepreneurship Programme (SVEP)

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Start-Up Village Entrepreneurship Programme (SVEP)

Mains level : Not Much

The SVEP is propelling enterprises in rural areas and building rural entrepreneurs during this pandemic.

Try this PYQ 2015:

How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor?

  1. By setting up a large number of new manufacturing industries and agribusiness centres in rural areas.
  2. By strengthening ‘self-help groups’ and providing skills development
  3. By supplying seeds, fertilizers, diesel pump-set sand micro-irrigation equipment free of cost of farmers.

Select the correct answer using the codes given below:

(a) 1 and 2 only

(b) 2 only

(c) 1 and 3 only

(d) 1, 2 and 3

About SVEP

  • The SVEP is implemented by Deendayal Antyodaya Yojana –National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development, as a sub-scheme since 2016.
  • Its aims are to support the rural poor come out of poverty, supporting them set up enterprises and provide support till the enterprises stabilize.
  • SVEP 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.
  • It addresses three major pillars of rural start-ups namely – finances, incubation and skill ecosystems.

Key elements of SVEP

  • Create a Block Resource Centre – Enterprise Promotion (BRC-EP); The BRC should act as a nodal centre to implement SVEP. Block Level Federation (BLF) to come up under NRLM could be one of the institutional platforms for BRC.
  • Cluster Level Federation (CLF) /VOs shall hold the entity till BLF comes into existence. BRC should follow a self-sustaining revenue model.
  • BRC to be assisted by CRP-EP and the Bank Coordination System (Bank Mitra). BRC to provide resource and reference material including videos, manuals etc.
  • Help enterprises get bank finance using tablet-based software for making the business feasibility plan, doing credit appraisal and tracking business performance.
  • Use the Community Investment Fund (CIF) to provide seed capital for starting the business until it reaches a size where bank finance is needed.
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments