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According to the ministry, SVEP aims to support entrepreneurs in rural areas to set-up enterprises at the village-level in non-agricultural sectors
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National Institute of Entrepreneurship and Small Business Development (NIESBUD), signed a memorandum of understanding (MoU) with the Ministry of Rural Development (MoRD) to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP).
According to the ministry, it aims to support entrepreneurs in rural areas to set-up enterprises at the village-level in non-agricultural sectors. The partnership will enable the rural community by helping them set up their trades and provide complete support till they are stabilised, it said.
Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship said that the Prime Minister Narendra Modi has highlighted that Indians should dream of becoming job creators from job seekers and in this regard, SVEP will help create an innovative ecosystem, accelerating economic and social gains at the community level.
He informed that the scheme also aims at building an inclusive society by providing equal opportunities to all along with the required financial support.
Aggarwal highlighted that India is a land of opportunities and by helping our youth access these prospects, we are catering to their aspirations.
He expressed his confidence 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.