Entrepreneurship Development Institute of India to create 36,000 rural enterprises

As part of the start-up village entrepreneurship programme (SVEP), the Entrepreneurship Development Institute of India (EDII) is all set to create 36,000 rural enterprises by 2021.

EDII has been selected as the national resource organisation of SVEP, a sub-scheme of National Rural Livelihood Mission, Ministry of Rural Development, which aims to improve rural livelihood. While the institute has already started work, they have assisted enterprises with nearly Rs 21 crore of funds.

Dr Sunil Shukla, Director, EDII, said: “In the first phase of validating the concept, SVEP is expected to support creation and strengthening of about 1.82 lakh village enterprises in 125 blocks across 24 states in the targeted five years i.e. 2015-16 to 2020-21. This project is expected to create employment for about 3.78 lakh persons.”

The Institute has implemented SVEP across 42 blocks across the states of Gujarat, Madhya Pradesh, Haryana, Jammu & Kashmir, West Bengal, Odisha, Jharkhand, Chhattisgarh, Telangana, Punjab and Uttar Pradesh. It has created over 7,600 entrepreneurs.