Start-Up Entrepreneurship Development Programme (SEDP)
It has been realized that in the absence of adequate business skills like understanding of market, domain knowledge, accounting, costing skills and lack of financial support, micro/nano enterprises struggle to survive and often either fail or become stagnant generating sub optimal incomes. The plight increases in case of the poor as they do not have linkages with financial institutions.
In order to solve this problem and to provide support to small enterprises and skill based workers, both in terms of training and credit support, in the Budget session of 2014-15 on July 10th, 2014 the Honorable Finance Minister initiated the idea of Start-up village entrepreneurship programme. The project will provide assistant to existing enterprises at the same time encourage development of new enterprises.
SEDP aims to benefit the households and communities even beyond the financial gains it provides. It seek to help rural people specially the marginalized sections, women, and SC and ST communities to gain a sense of dignity and self- reliance leading to great social changes.The overall objective of SEDP is to implement the Government’s efforts to stimulate economic growth and reduce poverty and unemployment in the villages by helping start and support rural enterprises.
The project was implemented at Reiek RD Block covering 21 villages with 300 beneficiaries