Language:English

Schemes

A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)
Ministry/Department Ministry of MSME
Scheme Name A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)
Component Skill development and Entrepreneurship
Sub Component Finance Grant
Applicant Technical/research institutes, Incubation schemes of MSME/NSIC/KVIC/Coir Board/Other Ministries/Departments as well as Private incubators
Quantum of Assistance (in Brief)

One-time grant of 100% of cost of Plant & Machinery other than the land and infrastructure or an amount upto Rs.100 Iakh, whichever is less to be provided

In case of incubation centres to be set up under PPP mode with NSIC, KVIC or Coir Board or any other Institution/agency of GOI, one-time grant of 50% of cost of Plant & Machinery other than the land and infrastructure or Rs.50 lakh, whichever is less to be provided

A total number of 150 such centres are being targeted to be set up under this component with an estimated financial outgo of Rs.135 Crore

Link for Detail https://aspire.msme.gov.in/WriteReadData/DocumentFile/ASPIRE_NEW.pdf