Startups

Centre approves 183 projects under Start-Up Village Entrepreneurship Programme (SVEP)

According a study, around 96% of the entrepreneurs reported an enhancement in savings while 70% of the entrepreneurs reported that taking loans from Community Enterprise Fund was easy
Centre approves 183 projects under Start-Up Village Entrepreneurship Programme (SVEP)
Centre approves 183 projects under Start-Up Village Entrepreneurship Programme (SVEP)

The Ministry of Rural Development is implementing the Start-up Village Entrepreneurship Programme (SVEP), as a sub-scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) since 2015-16. Under this programme, block is the unit of implementation. As on June 30, 2021, 183 project proposals have been approved across 29 states and union territories across India. These projects cover 205 blocks in 160 districts across the country. SVEP allows for more than one block to be combined under one project, Union Minister of State for Rural Development Sadhvi Niranjan Jyoti said in a written reply in Lok Sabha recently. 

A mid-term review of SVEP was carried out during 2018-19 by Quality Council of India (QCI), which indicated that the programme was able to meet the objectives.

Key findings

  • 82% of entrepreneurs across the blocks reported being from scheduled caste, scheduled tribe and other backward class categories.
  • 75% of the enterprises were owned and managed by women.
  • 57% of the total household income is through the enterprises promoted under Start-up Village Entrepreneurship Programme (SVEP).
  • Average gross income of the entrepreneurs is higher than the aspirational income stated by them from the enterprise at the time of starting the enterprise.
  • Around 96% of the entrepreneurs reported an enhancement in savings.
  • 70% of the entrepreneurs interviewed reported that taking loans from Community Enterprise Fund (CEF) was easy.

Read more: EDII trains 58,887 micro-entrepreneurs under Start-up Village Entrepreneurship Program

RuralMarketing.in is now on Telegram. Click here to join Rural Marketing on Telegram and stay updated with the latest news and updates on rural business and the economy.

0 Shares
The Changing Face of Rural India