Micro-Enterprise Development Process
Micro-enterprise Development is a systematic process of
- Identifying entrepreneurs
- Giving them the necessary orientation
- Training them to help them run their businesses
- Handholding them until their businesses stabilize
The entire ME development process in SVEP is divided into three phases
- Mobilization:
In this phase, CLFs, VOs, and SHGs are identified and oriented about the SVEP project, and community members are encouraged to take up entrepreneurship
2. Identification of Entrepreneurs and Enterprise Set Up:
In this phase, potential entrepreneurs are identified, trained on managerial aspects of business, and imparted necessary skills. Also, business plans are made, required credit linkages are done and, the business is started during the phase.
3. Handholding:
This phase begins after the enterprise is set up. In this phase, the health of the business is checked on a periodic basis through performance tracking. And, support is given to the entrepreneurs to grow the business.
Mobilization | Identification of Entrepreneurs and Enterprise Set Up | Handholding |
• Phasing Plan Preparation • Joint Action Plan Preparation • CLF/VO Orientation • SHG Orientation | • Triggering Meeting • General Orientation Training • Credit Appraisal of Entrepreneurs • Entrepreneurship Development Program • Domain Specific Skill Training • Viability Study and Business Plan Preparation • Credit Linkage Support • Start Up Support | • Performance Tracking of Enterprises • Micro Enterprise Formalisation • Market Development |
In this chapter, you will get to understand the different activities under each of the three phases.