National Institute of Entrepreneurship and Small Business Development has signed an MoU with which of the following to develop a sustainable model for promoting entrepreneurship at the grassroots?
National Institute of Entrepreneurship and Small Business Development has signed an MoU with which of the following to develop a sustainable model for promoting entrepreneurship at the grassroots? Correct Answer Ministry of Rural Development
The correct answer is Ministry of Rural Development.
Key Points
- National Institute of Entrepreneurship and Small Business Development (NIESBUD) has signed an MoU with the Ministry of Rural Development (MoRD).
- It will develop a sustainable model for promoting entrepreneurship at the grassroots by initiating the Start-up Village Entrepreneurship Programme (SVEP).
- SVEP is a sub-component of Deendayal Antyodaya Yojana – National Rural Livelihoods Mission.
Important Points
- The partnership will enable the rural community by helping them set up their trades and provide complete support till they are stabilized.
- Under the partnership, rural entrepreneurs will be able to access banking systems for receiving financial support for starting their enterprises, including support from MUDRA bank.
- Integrated ICT techniques and tools will also be provided for training and capacity building along with enterprise advisory services to augment the entrepreneurship ecosystem in India’s villages.
- The beneficiaries of the project are from the Self-Help Group (SHG) ecosystem of DAY-NRLM and the scheme not only supports existing enterprises but new enterprises as well.
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Feb 20, 2025