The SVEP umbrella comprises SVEP, OSF, MED, Incubator, Clusters & AGEY. It aimed at empowering rural entrepreneurship through training, advisory services, and access to loans. SVEP supports up to 2,400 enterprises per block over 4 years, while OSF aids 150 enterprises in 3 years. MED focuses on 200 enterprises over 18 months.
Potential and eligible beneficiaries are provided seed money support and necessary business handholding; such as registration, business compliances, marketing, raw materials support etc. A dedicated platform at Block named as Block Resource Centre is there to provide all kinds of support to entrepreneurs. Community Resource Persons, Enterprise Promotion (CRP-EP) are engaged for mentoring & handholding of enterprises set-up under this programme. Up to rupees one lakh is supported for Individual enterprises and up to Rs.5 lakhs for activity-based group enterprises (3-10 members).
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OSF is designed to support rural entrepreneurs and Self Help Group (SHG) members by providing a centralized platform for essential services related to enterprise development.
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Micro Enterprise Development (MED) is a key initiative under OLM aimed at promoting sustainable livelihoods through the creation and support of small-scale businesses, especially among rural women and Self Help Group (SHG) members.
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The objective of the initiative is to pilot strategies to scale up at least 150 existing women-owned/ women-led growth- oriented enterprises and create models for replicability. The enterprises supported will be in the manufacturing and service sectors, which are hamstrung by various facets of market failure and information asymmetry. The total duration of the incubation component is for three years. A separate budget has been made for the promotion of incubators.
Two types of clusters are primarily promoted under this program: Artisan clusters (handloom and handicrafts) and Sectoral clusters (food service, tourism, nutrition etc.)
Soft interventions include design development, quality assurance, enterprise creation, market development, financing, technology upgradation, skilling, promoting responsible business interventions, strengthening the local ecosystem including the development of collective enterprises, and hard interventions like the creation of Common Facility Centers (CFCs) / Common Production Centers (CPCs) are supported under the initiative. Each cluster has the potential to engage at least 100 microenterprises throughout intervention.
Providessafe, cost-effective, and affordable community- monitored transport services to rural areas which are not currently serviced by the market. Loans are provided at subsidised rates as an incentive for entrepreneurs to provide rural transport services for people and goods. For Individuals, loans up to ₹ 6.5 lakhs and for Groups (SHG/VO/CLF/PG/PE) Loans up to ₹ 8.5 lakhs are provisioned.
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