Community Enterprise Fund (CEF) provided to SHG in India

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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.

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.

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.