New Delhi: The Start-up Village Entrepreneurship Programme (SVEP), a sub scheme under the National Rural Livelihood Mission is being implemented through states to promote to start-up enterprises in rural areas.
Seeking to give a boost to rural economy, government has rolled out a 'Start-Up' programme in 40 blocks across 14 states to train and support 1.82 lakh enterpreneurs over a period of four years with an estimated cost of Rs 484 crore.
“SVEP supports the rural start-up enterpreneurs by training them to choose the right enterprise to start and run it, making available loans thorugh Self Help Groups for starting the enterprise and subsequently linking them to banks for additional funds for expansion and supporting them for the initial six months of its business to ensure sustainability of the enterprise," Rural Development Minister Birender Singh told the Rajya Sabha.
As per the provisions, the states initially carry out a baseline and market potential study of the blocks through approved Programme Implementing Agency for providing support to the start-ups, handholding and accessing finance to the enterpreneurs.
The programme was announced in the 2014 Budget. Of the 17 states which evinced interest in the scheme, 14 were accorded approval where the scheme began last month in 40 blocks. Singh said the states were asked to identify what kind of enterpreneurship they require. The enterpreneurs will later also be linked with Centre's ambitious MUDRA programme to make their ventures sustainable, he said.
(With agency inputs)