Current Affair Diary 18/09/2020

Start-Up Village Entrepreneurship Programme

✓Women Self Help Groups (SHGs) under the Start-Up Village Entrepreneurship Programme (SVEP) stepped up as effective frontline responders during the ongoing Covid-19 pandemic.

✓SVEP is a sub-scheme of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM).

✓Ministry: Ministry of Rural Development.

✓It has extended business support services and capital infusion to 153 blocks of 23 states as of August 2020.
✓Partner: Entrepreneurship Development Institute of India (EDII), Ahmedabad.

✓ (1) Support the rural poor to come out of poverty; (2) Support the people to set up enterprises and provide support until the enterprises stabilise; (3) Providing self-employment opportunities with financial assistance and training

✓It addresses three major pillars of rural start-ups namely finances, incubation and skill ecosystems.

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05/10/2020
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