IIE signs MoU with MoRD to promote entrepreneurship among rural youth

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In line with the Atmanirbhar Bharat vision of Prime Minister, Shri Narendra Modi, the Indian Institute of Entrepreneurship (IIE) under the Ministry of Skills Development and Entrepreneurship (MSDE) has signed a memorandum of agreement with the Ministry of Rural Development. (MoRD), to promote entrepreneurship at the local level among rural youth.

Under this agreement, the Start-up Village Entrepreneurship Program (SVEP), the sub-program of the National Rural Livelihoods Mission (NRLM), whose main objective is to promote employment opportunities in rural areas of India, in particular by developing self-employment opportunities for the rural unemployed. .

By developing a sustainable model for the promotion of village entrepreneurship, the program aims to enable the rural poor (in the SHG ecosystem) to start their own businesses. This will be accomplished through the use of integrated ICT techniques and tools for training, capacity building, business advisory services and the provision of loans by banks, self-help groups and federations.

Dr. Lalit Sharma, Director, IIE, and Shri Raghvendra Pratap Singh, Director, MoRD, signed the MoU in the presence of Shri Rajesh Aggarwal, Secretary, MSDE, Ms. Anuradha Vemuri, Co-Secretary, MSDE, and Shri Charanjit Singh, Joint Secretary. MoRD Secretary.

The Indian Institute of Entrepreneurship (IIE), Guwahati, Assam, will act as the National Resource Organization (NRO) for the Startup Village Entrepreneurship Program (SVEP) and provide support to the State Rural Livelihoods Mission ( SRLM) for the program. successful implementation. The NRO is expected to play a dual role in the implementation of the SVEP, namely the implementing role, which will include the direct implementation of the SVEP in the blocks as implementing partners with the States, and the program scaling role, in which the IIE will be responsible for scaling up the program based on the blocks experience with the SVEP and their previous experience with the development programs of the entrepreneurship.

The main objective of the Start-up Village Entrepreneurship Program (SVEP) is to develop local resources by training a group of village cadres of Community Resource Persons-Enterprise Promotion (CRP-EP) and to build the capacity of NRLM federations and SHG to follow, direct the work of the CRPEPs. The program will also help rural entrepreneurs to access finance to start their businesses from SHGs and NRLM federations, banking systems including MUDRA.

Commenting on the MoU, Mr. Rajesh Aggarwal, Secretary of the Ministry of Skills Development and Entrepreneurship said, “The Entrepreneurship Program for Young Enterprises (SVEP) implemented by IIE is a excellent way to empower young people in rural India with relevant skill sets and promote entrepreneurship at grassroots level.Through the experience of IIE, we will ensure a strong implementation mechanism and support to State Missions for Rural Livelihoods (SRLM) implementing the Young Village Entrepreneurship Program (SVEP) We are confident that this will further boost employment opportunities in rural India with a not in the direction of Atmanirbhar Bharat and as our Honorable Prime Minister has said, start-ups will be the backbone of the new India of our dreams.

Once the MoU is in place, the MoRD will notify all States/UTs of the incorporation of the IIE as an NRO under the SVEP to help accelerate growth. In addition, the IIE will work closely with the SRLMs to serve as the national SVEP resource organization. The IIE and the respective SRLM will be responsible for allocating the SVEP blocks for implementation. Additionally, since the MoRD will not be involved in the allocation of the SVEP blocks to the NRO for the implementation of the program, a separate MoU needs to be signed between the NRO and the SRLM for the implementation. of the SVEP.

The Indian Institute of Entrepreneurship (IIE), Guwahati, Assam, established in 1993, is an autonomous organization under the Ministry of Skills Development and Entrepreneurship. The main objective of the institute is to provide training, research and consultancy services to small and micro-enterprises (SMEs), with particular emphasis on the development of entrepreneurship.

(With GDP entries)

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