Tatsat Chronicle Magazine

Community Enterprise Fund loan worth Rs. 8.60 Cr to 2614 SHG entrepreneurs

September 16, 2021
Community Enterprise Fund

Community Enterprise Fund: As part of the Azadi Ka Amrit Mahotsav, the Ministry of Rural Development provided Community Enterprise Fund loans worth Rs. 8.60 crore to 2,614 Self-Help Group (SHG) entrepreneurs in a week. The loans were given for starting their micro-enterprises in their villages across 19 States under the Start-up Village Entrepreneurship Programme (SVEP), the Ministry said in a statement.

During the celebration of Amrit Mahotsav, various activities were organized under SVEP in the week of September 6 to 12 focused on creating awareness about the scheme and how it supports SHG members who want to begin micro-businesses in rural areas.
Before providing this loan to the SHG entrepreneurs, they were given initial training on entrepreneurship and detailed business plans for their proposed business.

States participating in this initiative included Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Manipur, Meghalaya, Mizoram, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand and West Bengal.

SVEP is a sub-scheme under the National Rural Literacy Mission to promote enterprises in rural areas and 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.