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A Scheme for promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)

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?
  • 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 agro- rural landscape can set up new incubation centers
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.
Whom to contact Director/Deputy Secretary (ARI), Ministry of MSME Email: supriyo.ghosh47@gov.in

Phone: 011-23062636

Download Guidelines View Detailed Scheme
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