Consider the following statements regarding the Start-up Village Entrepreneurship Programme (SVEP): 1. It is a sub-scheme under the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM). 2. It is aimed at promoting rural entrepreneurship through financial and non-financial support. 3. The Scheme is implemented by the Ministry of Micro, Small and Medium Enterprises (MSME). How many of the above statements are correct? |ForumIAS

Q. Consider the following statements regarding the Start-up Village Entrepreneurship Programme (SVEP):
1.It is a sub-scheme under the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM).
2.It is aimed at promoting rural entrepreneurship through financial and non-financial support.
3.The Scheme is implemented by the Ministry of Micro, Small and Medium Enterprises (MSME).
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A

Notes:

Explanation: 1 and 2 only

Statement 1 is correct: SVEP is a sub-scheme of Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) under the Ministry of Rural Development. It aims to promote village-level entrepreneurship by providing financial assistance, capacity building, and institutional support.

Statement 2 is correct: A key feature of SVEP is the deployment of Community Resource Persons for Enterprise Promotion (CRP-EPs), who mentor aspiring entrepreneurs by assisting with enterprise identification, business planning, bookkeeping, market linkages, and access to institutional credit.

Statement 3 is incorrect: SVEP is not implemented by the Ministry of MSME; it is implemented under the Ministry of Rural Development through DAY-NRLM. Moreover, the programme supports both manufacturing and service/trade enterprises, not exclusively manufacturing.

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS