Community Enterprise Fund (CEF) provided to SHG in India_00.1
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Community Enterprise Fund (CEF) provided to SHG in India

 

Relevance

  • GS 2: Development processes and the development industry— role of SHGs.

 

Context

  • Ministry of Rural Development has provided Community Enterprise Fund (CEF) loan worth Rs. 8.60 Cr to 2614 SHG entrepreneurs for starting their micro-enterprises in their villages across 19 States under the Start-up Village Entrepreneurship Programme.

 

Community Enterprise Fund (CEF) provided to SHG in India_50.1

 

Key points

  • Various activities were organized under Start-up Village Entrepreneurship Programme (SVEP) in the week of 6th to 12th September, 2021.
  • These events focused towards creating awareness about the SVEP scheme and how it supports SHG members who want to start the micro-businesses in rural areas.
  • States which participated in this initiative are – Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand and West Bengal.

 

A-HELP: MoU between DoRD and DAHD

 

SVEP

  • The Start-up Village Entrepreneurship Programme (SVEP) is a sub – scheme under NRLM (National Rural Livelihood Mission) to promote enterprises in rural areas.
  • SVEP aims to set-up an eco-system for enterprise development in a block. This consists of a cadre of Community Resource Persons-Enterprise Promotion (CRP-EP) who will provide business support services to entrepreneurs.
  • The scheme encompasses identifying business ideas, preparation of business plans, accessing loans and other supports like marketing, maintaining accounts & taking business decisions.
  • Further, the eco-system also includes training and capacity building of entrepreneurs, seed capital for starting enterprises, marketing support for products and services etc.
  • Besides, the Block Resource Centre (BRC), the single point solution for enterprise promotion is also developed as part of the eco-system.

 

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