Support for Entrepreneurial and Managerial Development of MSMEs through Incubators

• To promote & support untapped creativity of individual and
• To promote adoption of latest technologies in manufacturing as well as knowledge based innovative MSMEs (ventures) that seek the validation of their ideas at the proof of concept level.

Eligibility/Applicability

• Technical colleges, Universities Colleges other professional Colleges/ Institutes, R&D institutes, NGO involved in relevant activities etc., EDCs of DC (MSME), MSME-DIs/TCs /DICs or any institute/organization of Central/State Govt. may apply to register as Host Institute.
• Students/Udyam Registered MSMEs can apply to the registered Host Institute for developing and nurturing the ideas.

Nature of Assistance

• Up to 15 lakh per idea shall be provided to Host Institute (HI) for developing and nurturing of ideas.
• Up to Rs. 1.00 crore for procurement and installation of relevant plant and machines including hardware and software etc., in Business Incubator (BI).
• Up to Rs. 1.00 Crore as seed capital support to appropriate Incubates in the form of soft loan, interest free loan, equity participation, grant or combination of these etc.

How to Apply

Proposals will be submitted to Implementing Agencies (IA) and after initial scrutiny; same will be put up to PMAC through NMIU for consideration and approval on MIS portal for availing the benefit of the schemes.

Link: Ministry of Micro, Small & Medium Enterprises

Whom to Contact

• MSME- Development Institutes under Office of Development Commissioner MSME (Contact Details).
• MSME-Technology Development Centres under Office of Development Commissioner MSME (Contact Details).