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ASPIRE

Posted 01/04/2023
Description This scheme is for promotion of innovation, rural and entrepreneurship. It was introduced to set up a network of technology centers and incubation centers across India with the objective to accelerate entrepreneurship and encouraging innovations for unmet social needs in the agro-business industry. It provides financial aid for setting up livelihood business incubators and/or technology business incubators, by way of one-time grant of 100% (hundred percent) cost of plant & machinery (apart from land and infrastructure) or a sum up to INR 100 (Indian rupee hundred) lakhs, whichever is less.
Provider Type Central Govt / State Govt / Private Sector Central Govt
Provider Name Indian government
Amount 100 lakhs
Grant Conditions & Qualifying Criteria The following entities or agencies or centres are eligible for the funding under the ASPIRE Scheme: As an incubatee, anyone above the age of 18 can be trained. Any entrepreneur interested in starting a business; Any technical/research institutes/universities, especially those specializing in rural and agro-based industries; Production Co-operative Societies and Charitable Trusts are examples of institutions registered under the Societies Registration Act of 1860. Any government of India or state government institution or agency working in the fields of technology, rural development, entrepreneur development, or business management. Any private company operating under the PPP model, can establish LBI. Existing incubators. Incubators that have previously received government subsidies for the same set of activities under incubation under any other plan of the Government of India or a state government are not eligible. Any existing incubation centres operating currently under different agencies. Such as Ministries and Departments of the Government of India or Institutions including National / Regional level institutions of GOI / State Governments to set up such centre dedicated to incubation and enterprise creation in the area of Agro based Industries New incubation centres to be set up by eligible private institutions including Industry Associations, along with the Academic Institutions, R&D laboratories, Universities, Government entities and Technology Parks
Focus Sector (Healthcare, Defense, Agriculture, etc.)
Provider Contact Email NA
Provider Website URL https://www.startupindia.gov.in/content/sih/en/government-schemes/aspire-scheme-promotion-innovation-entrepreneurship-and-agro-industry.html
Type of funding (Grant, Loan or Equity) Grant
Process NA
Tips for Winning NA
Provider Indian State NA
Provider Contact Address
Is Active "Yes"
Other Details