Start-Up Village Entrepreneurship Programme (SVEP) – UPSC Prelims

Ministry/Department :  Ministry of Rural Development
Aim: SVEP is aimed at creating an ecosystem for rural population to be able start their own enterprises for sustainable livelihood.

About SVEP:

  • The SVEP is implemented by Deendayal Antyodaya Yojana –National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development, as a sub-scheme since 2016.
  • Its aims are to support the rural poor come out of poverty, supporting them set up enterprises and provide support till the enterprises stabilize.
  • SVEP focuses on providing self-employment opportunities with financial assistance and training in business management and soft skills while creating local community cadres for promotion of enterprises.
  • It addresses three major pillars of rural start-ups namely – finances, incubation and skill ecosystems.
  • The program supports the Self-Help Group (SHG) members and their family members to set up small enterprises in the non-farm sector.
  • The program supports them by developing an ecosystem for enterprise development in rural areas, consisting of Community Enterprise Fund (CEF) for enterprise funding and Cadre of Community Resource Persons-Enterprise Promotion(CRP-EP) for providing Business Support Services.
Achievements:
A mid-term review of SVEP which was conducted in September 2019 by Quality Council of India shows :
  • About 82% of the sampled entrepreneurs across the blocks reported being from SC, ST and OBC categories which signifies social inclusion – one of the pillars of NRLM.
  • 75% of the enterprises were owned and managed by women and average monthly revenue of enterprises was Rs.39,000 – Rs.47,800 in case of manufacturing, Rs. 41,700 in case of services and Rs.36,000 in case of trading.
  • The study also shows that about 57% of the total household income of the entrepreneurs is through SVEP enterprises.