Start-up Village scheme has generated 1.33 lakh jobs in 2 years: Centre

News: According to the Ministry of Rural Development, over 64,000 rural enterprises have been formed under the Start-up Village Entrepreneurship Programme(SVEP) which have generated an estimated 1.3 lakh employment opportunities across States in two years.

Facts:

• Start-up Village Entrepreneurship Programme(SVEP): It was launched in 2015-16 as a sub-scheme under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission(DAY-NRLM).
• Aim: To help the rural households including women to set up enterprises.
• Objectives: 
  • To enable rural poor to set up their enterprises by developing a sustainable model for Village Entrepreneurship promotion through integrated ICT techniques.
  • Develop local resources by training a pool of village level community cadre (CRPEP)
  • Help the rural entrepreneurs to access finance for starting their enterprises from the NRLM SHG and federations, the banking systems including the MUDRA bank.

Additional Facts:

• DAY-NRLM: It was launched by the Ministry of Rural Development (MoRD) in 2011. 
• Aim: To create efficient and effective institutional platforms of the rural poor by enabling them to increase household income through sustainable livelihood enhancements and improved access to financial services.
• Funding: The program is aided in part through investment support by the World Bank.