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.
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
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.
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.