National Institute of Entrepreneurship and Small Business Development (NIESBUD) have signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP).
- Under the partnership rural entrepreneurs will be able to access banking systems for receiving financial support for starting their enterprises, including support from MUDRA bank.
About Start-up Village Entrepreneurship Programme (SVEP)
- SVEP is a sub-component of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development.
- It aims to support entrepreneurs in rural areas to set-up enterprises at the village-level in non-agricultural sectors.
- The partnership will enable the rural community by helping them set up their trades and provide complete support till they are stabilized.
- This pragmatic intervention will provide knowledge, advisory and financial support to the public and will help create village-level community cadre.
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