A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE)
Ministry Of Micro, Small and Medium Enterprises
ASPIRE promotes rural entrepreneurship and agro-based businesses through Livelihood and Technology Business Incubators offering training, mentorship and seed capital funding, accessed by approaching an ASPIRE-supported incubator in your region.
Key facts
- Nodal ministry
- Ministry Of Micro, Small and Medium Enterprises
- Level
- Central
- Launched
- 2015
- Last date
- Ongoing / No fixed deadline
- Helpline
- NA
What you get
Rural entrepreneurs and unemployed youth get support through Livelihood Business Incubators and Technology Business Incubators for setting up agro-based enterprises, along with a seed capital fund for new business ideas.
Who is eligible
Individuals, entrepreneurs, and organisations wanting to set up an incubator, or entrepreneurs seeking incubation support for agro-based business ideas, are eligible under ASPIRE.
Documents you need
Business/project proposal, Aadhaar card, and entity registration documents (for setting up an incubator).
How to apply
Approach an ASPIRE-supported incubator (Livelihood Business Incubator or Technology Business Incubator) in your region, or apply through the Ministry of MSME's ASPIRE guidelines to access incubation and seed funding.
Frequently asked questions
Who can benefit from ASPIRE?
Rural entrepreneurs and unemployed youth seeking incubation support for agro-based business ideas.
What is a Livelihood Business Incubator under ASPIRE?
A facility that provides training, mentoring and infrastructure support to rural entrepreneurs starting agro-based enterprises.
Does ASPIRE provide seed funding?
Yes, a seed capital fund is available to support promising new business ideas incubated under the scheme.