Startup Village Entrepreneurship Programme (SVEP) UPSC

Startup Village Entrepreneurship Programme (SVEP)

Objective of Startup Village Entrepreneurship Programme (SVEP)

• To enable rural poor to set up their enterprises, in its proof of concept phase, by developing a sustainable model for Village Entrepreneurship promotion through :-

• integrated ICT techniques and tools for training and capacity building, 

• enterprise advisory services and 
• to provide loans from banks/SHG & federations.

• Handhold the rural entrepreneurs/enterprises in the initial six months of start-up, with visits from community resource persons –enterprise promotion (CRP-EP) supported by guidance from an advisory panel of experts for the relevant enterprise.

Features of Startup Village Entrepreneurship Programme (SVEP)

• SVEP is a sub componenet of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development. 

• SVEP aims to support entrepreneurs in rural areas to set up local enterprises. 

• The programmatic intervention will address all three missing ecosystems – Knowledge, advisory and finance ecosystems.

Beneficiaries: 

• Any Rural poor who is willing to be entrepreneurial and self-reliant is eligible to be part of this programme. 

• Highly vulnerable beneficiaries under MGNREGA, marginalized sections, women, SC and ST communities and rural artisans will be given specific preference in selection, as part of this programme.

• Key elements of the programme

• Implementation of SVEP shall be managed by NRLM through the State Rural Livelihood Missions.
• Ensure convergence with clusters identified under RURBAN mission
• 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 till it reaches a size where bank finance is needed.

Benefits of Startup Village Entrepreneurship Programme (SVEP)

• It shall help rural people specially the marginalized sections, women, SC and ST communities to gain a sense of dignity and self-reliance leading to great social change.

• Wealth generated in local economy shall have a multiplier effect resulting in strengthening the local economy and reduction in distress migration.

• Promote enterprise in the field of sanitation, drinking water, renewable energy.

• Offer more economic opportunity for the rural areas and bring people out of poverty.