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NIESBUD signed MoU with MoRD

Published on March 08, 2022
Current Context: The National Institute of Entrepreneurship and Small Business Development (NIESBUD) has signed an MoU with the Ministry of Rural Development (MoRD).
NIESBUD signed MoU with MoRD
  • The NIESBUD is an autonomous entity under the Ministry of Skill Development and Entrepreneurship.
  • The MoU was signed to develop a sustainable model to promote entrepreneurship at the grassroots level.
  • And for this purpose, the Start-up Village Entrepreneurship Programme (SVEP) will be conducted.
  • Therefore, due to this partnership, an innovative entrepreneurship culture will be developed, and will also develop the economical and social value of the community.
  • The SVEP is the sub-entity of Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM) of the Rural Development ministry.
  • Both entities will offer support to the entrepreneurs serving in rural areas. They will be helped to set up enterprises at the village levels.
  • They will be helped to set up startups serving non-Agri sectors.
  • Beneficiaries will be benefited from knowledge related to the startups, financial support, advisory support.
  • The rural entrepreneurs will get access to the banks to perform their financial work.
  • Support in ICT and other digital tools will also be granted.

Question: 

Q.1 With which ministry has the National Institute of Entrepreneurship and Small Business Development (NIESBUD) signed MoU to develop a sustainable model to promote entrepreneurship at the grassroot level?
a. Ministry of Social Justice and Empowerment
b. Ministry of Rural Development
c. Ministry of Micro, Small and Medium Enterprises
d. Ministry of Education
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