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A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE)

A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE)

To set up a network of Livelihood Business Incubators (LBIs) and Technology Business Incubators (TBIs) with an aim to create jobs and reduce unemployment by promoting culture of entrepreneurship and innovation in the Agro-rural sector.

Eligibility

National Small Industries Corporation (NSIC), Khadi and Village Industries Commission (KVIC), Coir Board or any other Institution /agency of GoI/State Govt. can set up LBI

Private partner institutions and entities can also set up LBIs under PPP mode with aforesaid institutions like NSIC, KVIC, Coir Board or any other Institution /agency of GoI/State Govt.

Existing incubation centres currently operating under different Ministries and Departments of Government of India or institutions including National/Regional level institutions of GoI/State Govts. Existing incubator should have adequate expertise/ infrastructure to support incubation activity for promoting Innovation, Entrepreneurship, agro-based industry.

Eligible private institutions including Industry Associations, along with Academic Institutions, R&D laboratories, Universities, Government entities, Technology Parks, Technical institutions with a proven track record in promotion of technology based entrepreneurship in agrorural landscape can set up new incubation centres

Nature of Assistance

LIVELIHOOD BUSINESS INCUBATOR

One time grant of 100% of the cost of Plant and Machinery, other than land and infrastructure, up to INR 100 Lakhs, for Government agencies. For PPP mode with Govt., one-time grant of 50% of cost of Plant & Machinery, other than the land and infrastructure, or INR 50.00 Lakhs, whichever is less.

TECHNOLOGY BUSINESS INCUBATOR

One-time grant of 50% of cost of Plant & Machinery excluding the land and infrastructure or an amount up to INR 100 Lakhs, whichever is less. For existing TBIs, one-time grant of 50% of cost of Plant & Machinery excluding the land and infrastructure or an amount up to INR 30 Lakhs, whichever is less.

How to apply

The Eligible institution/Agency has to submit the proposal in a prescribed format given in the scheme guidelines to js.ari@nic.in or aspire-msme@gov.in for onward submission to the Scheme Steering Committee for approval. The guidelines of the ASPIRE Scheme is available at ASPIRE

Whom to Contact

Director/Deputy Secretary (ARI), Ministry of MSME

Last Modified : 6/23/2021



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