The National Institute of Entrepreneurship and Small Business Development (NIESBUD) signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) for implementing the Start-up Village Entrepreneurship Programme.
Context
The National Institute of Entrepreneurship and Small Business Development (NIESBUD) signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) for implementing the Start-up Village Entrepreneurship Programme.
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 scheme also aims at building an inclusive society by providing equal opportunities to all along with the required financial support.
- The programmatic intervention will address all three missing ecosystems – Knowledge, advisory and finance ecosystems.
Significance
- Rural entrepreneurship plays a significant role in the overall economic development of India.
- SVEP will help create an innovative ecosystem, accelerating economic and social gains at the community level.
- 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.
- This partnership will help in training the rural community and will provide them with necessary resources for entrepreneurship to increase their income and will pave the way for building Atma Nirbhar Bharat.
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Deen Dayal Antyodaya Yojana
- Deen Dayal Upadhyaya Antyodaya Yojana (DAY) is a government scheme which aims to uplift the urban and rural poor folks through skill development and enhancing the sustainable livelihood opportunities.
- This scheme facilitates the objective of ‘Make in India’.
- In 2016, the program was renamed Deendayal Antayodaya Yojana (DAY-NRLM).
- This scheme is the integration of –
- National Urban Livelihoods Mission (NULM)
- National Rural Livelihoods Mission (NRLM)
DAY-NULM
- Deen Dayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) is implemented to reduce poverty and vulnerability of urban poor households.
- The Ministry of Housing and Urban Poverty Alleviation (HUPA) launched this scheme.
- This scheme enables the urban poor to access gainful self-employment and skilled wage employment opportunities.
DAY NRLM
- The Ministry of Rural Development (MoRD) launched Aajeevika – National Rural Livelihoods Mission (NRLM) in 2013 as a restructured version of Swarna Jayanti Gram Swarozgar Yojna (SGSY).
- This programme aims at creating effective and efficient institutional platforms for enabling the rural poor to increase their household income through sustainable livelihood and improved access to financial services.
- This programme provides help to the rural poor through self-managed Self Help Groups (SHGs) and federated institutions to support them for livelihood collectives in a period of 8-10 years.
- This programme facilitates the poor to achieve increased access to rights, public services, entitlements and better.
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