|Ministry||Ministry of Micro, Small and Medium Enterprises (MSME)|
|Related Scheme||A Scheme for promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)|
|Description||This MSME scheme aims to create new jobs and reduce unemployment, promote entrepreneurship culture in India, boost economic development, facilitate innovative business solution for un-met social needs, and promote innovation to further strengthen the competitiveness of the MSME sector.|
|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.
|Who can apply?||
|How to apply?||The Eligible institution/Agency has to submit the proposal in a prescribed format given in the scheme guidelines to email@example.com or firstname.lastname@example.org for onward submission to the Scheme Steering Committee for approval.|
|Whom to contact||Director/Deputy Secretary (ARI), Ministry of MSME Email: email@example.com
|Download Guidelines||View Detailed Scheme|