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Start-Up Village Entrepreneurship Programme (SVEP) is building rural entrepreneurs. It has extended business support services and capital infusion to 153 blocks of 23 States.
As of August 2020, around one lakh enterprises are being supported out of which 75 % are managed by women.
- Start-Up Village Entrepreneurship Programme (SVEP) is implemented by Deendayal Antyodaya Yojana –National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development, as a sub-scheme since 2016. Therefore, statement 1 is correct.
- It’s objective is to support the rural poor to come out of poverty, supporting them set up enterprises and provide support till the enterprises stabilize. Therefore, statement 2 is correct.