SVEP Full Form

In India, rural entrepreneurship plays a key role in promoting economic growth and reducing unemployment. One important government initiative supporting rural entrepreneurs is SVEP. If you are curious about what SVEP means, its full form, objectives, and benefits, this guide provides complete details in simple language.

What is SVEP?

The full form of SVEP is Start-up Village Entrepreneurship Programme. Launched by the Ministry of Rural Development, Government of India, SVEP is a special program designed to promote self-employment opportunities in rural areas. It focuses on helping rural poor, especially youth and women, to start and manage small businesses successfully.

SVEP is part of the Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM), which aims to reduce poverty by supporting entrepreneurship and self-help groups (SHGs) at the village level.

Why Was SVEP Launched?

India’s villages have immense potential for entrepreneurship but often lack support systems, guidance, and funding. Many rural youth migrate to cities due to a lack of local job opportunities.

The government launched SVEP to:

• Create livelihood opportunities within villages
• Encourage self-employment and entrepreneurship
• Strengthen the rural economy
• Prevent migration by generating income locally

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Objectives of SVEP

The primary objectives of SVEP are:

• To help rural poor start micro-enterprises by offering them business training, financial support, and mentoring.
• To create a strong ecosystem of village entrepreneurs who can contribute to local employment.
• To increase household income by promoting sustainable businesses.
• To promote women-led enterprises by giving priority to women entrepreneurs.

SVEP not only promotes income generation but also aims to build a culture of entrepreneurship and self-reliance in rural India.

Features of SVEP

1. It Offers training programs on business skills and enterprise management.
2. It provides easy credit through loans and financial linkages with banks.
3. It implements a digitally managed system through Enterprise Resource Planning (ERP) platforms.
4. It involves Self-Help Groups (SHGs) to help identify and support entrepreneurs.
5. Focuses on business mentoring and handholding support through trained resource persons.

Benefits of SVEP

• Helps youth and women start sustainable businesses.
• Increases local employment and reduces rural unemployment.
• Boosts the rural economy by encouraging local production and services.
• Offers handholding support during the crucial early stages of business development.

How SVEP Works

SVEP is implemented at the village or gram panchayat level by community-based institutions like SHGs and Village Organizations (VOs). The program follows a structured process:

• Step 1: Selection of village entrepreneurs from among SHG members or local villagers.
• Step 2: Entrepreneurs undergo skill training on how to run and manage businesses.
• Step 3: Provision of seed capital and easy loan access through banks and federations.
• Step 4: Continuous mentoring and monitoring by trained CRP-EPs (Community Resource Persons – Enterprise Promotion).
• Step 5: Use of digital platforms to track progress and provide support.

Financial Assistance Under SVEP

SVEP provides two types of financial assistance:

• Seed Fund Assistance: Entrepreneurs can get seed capital through SHGs or federations for starting their business.
• Bank Linkages: Entrepreneurs can take loans through Mudra Yojana, SHG-Bank Linkage Scheme, or local financial institutions with easier repayment terms.

Through this, SVEP ensures that lack of capital does not stop anyone from becoming an entrepreneur.

Success Stories and Impact of SVEP

Thousands of rural entrepreneurs across India have benefited from SVEP. Many women have started tailoring shops, beauty parlors, grocery stores, dairy farms, and more. Youth have been able to launch mobile repair shops, food stalls, small manufacturing units, etc.

SVEP has been especially successful in:

• Increasing women’s participation in entrepreneurship
• Creating local job opportunities
• Boosting income levels of rural families

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FAQs on SVEP Full Form

Who is eligible for SVEP?

Any rural poor, especially youth or women, connected to SHGs or village organizations, can apply for SVEP.

How to apply for SVEP?

Interested individuals can contact their local Self-Help Group (SHG), Block Mission Management Unit (BMMU), or Village Organization to apply under SVEP.

Is SVEP available in all Indian states?

Yes, SVEP is implemented across multiple states in selected blocks under DAY-NRLM, especially in rural areas with high poverty levels.

What are the benefits of the SVEP scheme?

The SVEP (Start-up Village Entrepreneurship Programme) provides rural people with training, financial assistance, and business mentorship to start small businesses. It helps create local jobs, increases household income, and empowers youth and women to become self-reliant entrepreneurs in their own villages.

What is the salary of an accountant in SVEP?

The salary of an accountant in SVEP varies depending on the state and project area, but typically ranges between ₹10,000 to ₹18,000 per month. In some areas, additional benefits like travel allowances may also be provided by Block Mission Management Units (BMMU) under DAY-NRLM.

What is the full form of SVEP?

The full form of SVEP is Start-up Village Entrepreneurship Programme. It is a government initiative under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) aimed at promoting rural entrepreneurship.