IIE collaborates with MoRD promote entrepreneurship among rural youth

The Indian Institute of Entrepreneurship (IIE) under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE) has collaborated with the Ministry of Rural Development (MoRD) with an aim to promote entrepreneurship at a local level amongst the rural youth.

The IIE, Guwahati, Assam, will act as a National Resource Organisation (NRO) for the Start-up Village Entrepreneurship Programme (SVEP) and will provide support to the State Rural Livelihoods Mission (SRLM) for the scheme’s successful implementation. As part of the MoU, the MoRD will inform all states/UTs about IIE’s empanelment as an NRO under the SVEP to help accelerate growth.

A sustainable model for Village Entrepreneurship Promotion

Under the agreement, the SVEP, the sub-scheme of the National Rural Livelihoods Mission (NRLM) is planning to promote employment opportunities in rural India by developing a sustainable model for Village Entrepreneurship Promotion. This programme aims to enable the rural poor to start their businesses.  

The NRO is expected to play an Implementation Role which will include directing SVEP implementation in the blocks as implementing partners with the States and Programme Scale-Up Role. The IIE will be responsible for scaling up the scheme based on the blocks’ experience with the SVEP.

Also Read: NIESBUD signs an MoU with MoRD to implement SVEP https://nationalskillsnetwork.in/oldsite/niesbud-signs-an-mou-with-mord-to-implement-svep/

Mr. Rajesh Aggarwal, Secretary, MSDE

“The Start-up Village Entrepreneurship Programme (SVEP) being implemented by the IIE is a great way to empower the youth of rural India with the relevant skill sets and promote entrepreneurship at the local level. 

With the experience that IIE has, we will ensure strong implementation mechanisms and handholding support to SRLMs implementing SVEP. We are certain that this will further boost the employment opportunities in rural India with a step in the direction of Aatmanirbhar Bharat and as our Hon’ble Prime Minister states, startups will be the backbone of the New India of our dreams.”

Start-up Village Entrepreneurship Programme (SVEP)

The main objective of SVEP is to develop local resources by training a pool of village-level cadres and help the rural entrepreneurs to access finance for starting their enterprises from the NRLM SHGs and federations, the banking systems including the MUDRA.