Policy

Centre provides Rs 8.60 cr loan to SHG entrepreneurs in a week

The loans were given for starting their micro-enterprises in their villages across 19 states under the Start-up Village Entrepreneurship Programme
Centre provides Rs 8.60 cr loan to SHG entrepreneurs in a week
Centre provides Rs 8.60 cr loan SHG entrepreneurs in a week

As part of the Azadi Ka Amrit Mahotsav, Ministry of Rural Development has provided Community Enterprise Fund (CEF) loan worth Rs. 8.60 crore to 2,614 SHG entrepreneurs in a week. The loans were given for starting their micro-enterprises in their villages across 19 states under the Start-up Village Entrepreneurship Programme.

During the celebration of Amrit Mahotsav, various activities were organised under Start-up Village Entrepreneurship Programme (SVEP) in the week of 6th to 12th September, 2021. These events focused on creating awareness about the SVEP scheme and how it supports self-help group (SHG) members who want to start micro-businesses in rural areas. In these events, public representatives, government officials and community-based organisations participated.

Prior to providing this Community Enterprise Fund (CEF) loan, SHG entrepreneurs were given initial training on entrepreneurship and detailed business plan of their proposed business were prepared.

States which participated in this initiative are – Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand and West Bengal.

During these events, SHG entrepreneurs shared their experiences and journey of starting their own enterprises in their villages, becoming entrepreneurs and various supports they received under the Start-up Village Entrepreneurship Programme (SVEP). They also emphasised the strength of regular handholding to understand steps to do business and making it successful and also creating strong market linkages.

What is Start-up Village Entrepreneurship Programme?

The Start-up Village Entrepreneurship Programme is a sub-scheme under National Rural Livelihood Mission (NRLM) to promote enterprises in rural areas. SVEP aims to set up an ecosystem for enterprise development in a block. This consists of a cadre of Community Resource Persons-Enterprise Promotion (CRP-EP) who will provide business support services to entrepreneurs. The scheme encompasses identifying business ideas, preparation of business plans, accessing loans and other supports like marketing, maintaining accounts and taking business decisions. Further, the ecosystem also includes training and capacity building of entrepreneurs, seed capital for starting enterprises, marketing support for products and services among other necessary supports. Besides, the Block Resource Centre (BRC), the single point solution for enterprise promotion is also developed as part of the ecosystem.

Read more: DAHD to leverage SHGs for rural economic growth

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