A Scheme for Promotion of Innovation, Rural Industry & Entrepreneurship (ASPIRE)
Ministry of Food Processing Industries (MoFPI)ASPIRE promotes innovation and entrepreneurship in the agro-rural sector by supporting livelihood business incubators, skill development and micro-enterprise creation.
Eligibility Criteria
- Startups and individual entrepreneurs (18+ years)
- NGOs, institutions, and organisations
- Entities engaged in rural and agro-based industries
- Technical and research institutions (especially agro-based sectors)
- Knowledge partners for incubation and commercialisation
- Government-recognised bodies such as: National Small Industries Corporation, Khadi and Village Industries Commission, Coir Board
- Private incubators under government-supported incubation frameworks
- Organisations capable of establishing: Livelihood Business Incubators (LBIs), Technology Business Incubators (TBIs)
- Focus Areas: Rural youth and women entrepreneurs, Promotion of sustainable rural enterprises
Benefits
- Funding for: LBIs and TBIs, Plant & machinery (excluding land/building)
- Government-supported incubators: 100% grant (up to ₹100 lakh per project)
- PPP mode incubators: 50% grant (up to ₹50 lakh)
- Seed funding assistance
- Training support under ATI scheme
- Skill development and entrepreneurship training
- Promotes: Innovation and technology commercialisation, Rural entrepreneurship and job creation, Market linkages and economic growth
How to Apply
- Apply through the MSME portal or implementing agencies
- Identify scheme component (LBI/TBI)
- Prepare detailed project proposal
- Submit application via portal or agency
- Application evaluation and screening
- Selection and approval by competent authority
- Implementation after approval
Documents Required
- Detailed project proposal
- Organization/entity details
- Financial estimates
- KYC documents
- Entity registration documents
- Detailed business plan
- Categorization/eligibility certificate (if applicable)
- For Incubators (LBI/TBI): Infrastructure and operational details
Important Disclaimer
We’ve simplified this scheme to help you understand it quickly. For the latest updates or detailed guidelines, you can always check the official government website.
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