Kerala Government launched a start-up program in the name of Startup Village Entrepreneurship Programme (SVEP) for the help and direct the new startups in Kerala. The state government has launched twelve projects under Union Ministry for Rural Development’s SVEP. The project is being implemented by Kerala Kudumbashree.
The scheme is already running in Parakkode block in Pathanamthitta and Vadavukodu block in Ernakulam district.
Kerala Startup Village Entrepreneurship Programme (SVEP) main Points
- State gets 12 new projects under the Startup Village Entrepreneurship Programme
- Kerala is the only state of the country implement the project in all district of the state.
- In the scheme about 2,000 venture to receive technical aid.
- The total amount spent in each block is Rs 6.5 crore.
Kerala only states in the country to have implemented the program with the addition of 12 others program in all district of the state. This Programme aims to develop entrepreneurship ventures. It is launched after studying its possibilities at the local level. In the program, most of the problem will be solved which is faced by the entrepreneurs. This program is implemented with the support of Kudumbashree National Resource Organisation.
Even though the norms prescribe the implementation of the scheme is not more than eight blocks of a state but in the case of Kerala, the Union Minister gave relaxation. Under the project, about 2,000 ventures will receive technical support from trained personnel and loan facility also will be given.’
A resource center is set up to provide assistance to new venture or ventures which have stopped in mid. The major goal of the project is evolving new projects to nurture new startups and launching performance improvement programs for existing entrepreneurs.