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ASPIRE: A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship

ASPIRE: A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship
ASPIRE: A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship

ASPIRE OBJECTIVE

  • Create new jobs and reduce unemployment.
  • Promote entrepreneurship culture in India.
  • Facilitate innovative business solution for unmet social needs.
  • Promote innovation to strengthen the competitiveness of MSME sector.

KEY BENEFITS

  • Maximum of INR 1 Cr to Government agencies & INR 75 Lakhs to Private agencies for procuring plant and machinery.
  • Maximum of INR I Cr to Government and Private Agencies as operational expenditure support.

SCHEME APPLICABLE FOR

  • Any agency/Institution of Central State Government or existing training centers under Ministries/Departments of Central/State Government, Industry Associations and 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
Published date : 05 Aug 2022 06:48PM

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