Introduction
- The Start-up Village Entrepreneurship Programme (SVEP) is being implemented as a sub-scheme under National Rural Livelihood Mission (NRLM) to promote start – up enterprises in rural areas.
- The SVEP proposes to address following three major problems of rural start-ups
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- A missing knowledge eco-system
- A missing incubation eco-system
- A missing financial eco-system
- SVEP will hence be a focused intervention to promote start-up entrepreneurship at village level by rural poor households by providing assured availability of need based financial support, capacity building and advisory services for establishment of village enterprises.
- SVEP envisages creation of sustainable self employment opportunities for a large number of rural poor youth, enabling them to engage effectively with the market and help generate wealth locally.
- In the process, SVEP will bring banks and financial institutions closer to the village entrepreneur.
- SVEP will initially support creating and strengthening of 1,82,200 village enterprises in 125 blocks across 24 States in the country over a 5 year period from 2014 – 15 to 2018 – 19.
- Based on the success of this initial phase of 5 years, it will be taken up in all the blocks of the country in sync with the roll out of NRLM.
- This intervention has over the next 12 – 15 years the potential to reach out to and support 1.0 crore rural entrepreneurs and generate employment for more than 2.0 crore persons.
