An organisation under the Ministry of Skill Development and Entrepreneurship National Institute of Entrepreneurship and Small Business Development (NIESBUD) signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP). It will enable the rural community by helping them set up their trades and provide complete support till they are stabilized.
Rural entrepreneurs will be able to access banking systems for receiving financial support for starting their enterprises, including support from MUDRA bank. The beneficiaries of the project are from the Self-Help Group (SHG) ecosystem of DAY-NRLM and the scheme not only supports existing enterprises but new enterprises as well. The old-age artistic heritage has also been conserved by protecting as well as promoting the rural entrepreneurship.
The Secretary of MSDE Shri Rajesh Aggarwal said, “I am confident that 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 Aatmanirbhar Bharat.”
