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  • OBJECTIVE
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    • The scheme aims at setting up a network of incubation and technology centres to promote innovation and entrepreneurship to strengthen the competitiveness of MSME sector predominantly in the rural and underserved areas,
    • To promote innovation and accelerate entrepreneurship by imparting skill development
      programs for creating wage/self-employment opportuni-ties in the agro rural sector.


  • KEY BENEFITS
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    • Setting up Technology Business Incubators (TBIs) and Livelihood Business Incubators (LBIs) to skill youths for own incubation and enterprises.
    • Maximum INR 1 cr. to Government agencies and maximum INR 75 Lakh to private agencies for procuring plant and machinery.
    • Maximum INR 1 cr. given to new Government and Private agencies as operational expenditure support towards manpower cost, running incubation and skill development programs.
  • SCHEME APPLICABLE FOR
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    • Any agency/institution of Government of India/ State government or existing training centres under Ministries/Departments of Government of India/State Government, Industry Associations, Academic Institutions.

    • Any not-for-profit private institutions with experience in successfully executing incubation and/or skill development programs may be eligible to set up an LBI.
  • DETAILED INFORMATION
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    • LBIs are set up to train/skill youths in various vocations/ fields primarily in agro-rural space.
    • Generate employment opportunities by facilitating formal, scalable micro-enterprise creation in the agro-rural sector.
    • Skill and Re-skill unemployed, existing self-employed/ wage earners in new technologies
    • Providing skilled human capital to nearby industrial clusters and promote innovations for strengthening the competitiveness in the MSME sector.
HOW TO APPLY

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    A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE) 
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