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Consider the following statements with reference to the Start-Up Village Entrepreneurship Programme:
1. It is a sub-scheme of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission.
2. It will provide financial assistance and training in business management.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to the Start-Up Villa...
Start-Up Village Entrepreneurship Programme
  • About:
    • SVEP is a sub-scheme of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission (DAY-NRLM), Ministry of Rural Development and has been implemented since 2016. Hence statement 1 is correct.
  • Aim:
    • Support the rural poor to come out of poverty.
    • Providing self-employment opportunities with financial assistance and training in business management and soft skills. Hence statement 2 is correct.
    • Create local community cadres for promotion of enterprises.
  • Features:
    • It addresses three major pillars of rural start-ups namely finances, incubation and skill ecosystems.
    • It promotes both individual and group enterprises, majorly in manufacturing, trading and service sectors.
    • It invests on building the capacities of the entrepreneurs to run the businesses profitably based on the local demand and ecosystem.
    • Investments are also made on the use of the Information and Communication Technology (ICT) to create standard E-learning modules for minimizing the transmission loss in technical aspects like a business plan and profit and loss account preparations.
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Consider the following statements with reference to the Start-Up Village Entrepreneurship Programme:1. It is a sub-scheme of the Deendayal Antyodaya Yojana-National Rural Livelihood Mission.2. It will provide financial assistance and training in business management.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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