Govt Schemes and Programs

Name of Scheme

Promotion of Innovation, Rural Industry & Entrepreneurship(ASPIRE).

Type of Scheme

Entrepreneurship and business development

Sector

Job and business

Name of Ministry

Ministry of Micro, Small and Medium Enterprises

About the Scheme

Creation of new jobs and reduce unemployment and to Promote entrepreneurship culture in India. Strengthing of MSME sector and also econmic development at grassroot levels.

Benefits Under the Scheme

> Grant of 100% of cost of Plant & Machinery other than the land and infrastructure or an amount up to Rs.100 lakhs whichever is less to be provided.

> one- time grant of 50% of cost of Plant & Machinery other than the land and infrastructure or Rs.50.00 lakhs, whichever is less to be provided

Eligibility Criteria

>Implement the IncubationandCommercialisation of Business Ideas Programme through technical/research institutes including those in the field of agro based industry.

>These would be designated as Knowledge Partners and would incubate new/existing technologies for their commercialisation. To provide funds for the incubator/incubation and create necessary synergy between this scheme and the Livelihood Business

>Incubators/Technology Business Incubators and Incubation schemes of MSME/NSIC/KVIC/Coir Board/ Other Ministries/Departments as well as Private incubators.

Concerned Agency Institutions

Scheme steering committee, nodal agencies which are reputed at national and regional level. Institutions with sectoral expertise in the major sub-sectors of the Traditional Industries(Ministry of Micro, Small and Medium Enterprises, n.d.). ; technical agencies; implementing agencies would be non Government organizations (NGOs), institutions of the Central and State Governments and ,semi-Government institutions, field functionaries of State and Central Govt., Panchayati Raj institutions (PRIs), etc (Ministry of Micro, Small and Medium Enterprises, n.d.).

Name Of Person

n.a.

Designation

Member Convener,Scheme Steering Committee, ASPIRE

Address

Ministry of Micro, Small and Medium Enterprises Udyog Bhawan, Rafi Marg, New Delhi - 110011

Email

js.ari@nic.in

Phone

011-23063288/ 011-23063643 Udyami helpline: 1800-180-6763

Fax

011-23062858

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