SMEpost

ASPIRE | Scheme for the promotion of agro-industry

The government has no proposal to launch new schemes for promotion of agricultural and rural industries in the MSME sector for uplifting  the rural population as it has already launched a scheme named ASPIRE (A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship) to boost agro-industry.

Under the ASPIRE scheme, 80 Livelihood Business Incubation (LBI) centres will be set up in which a total of 104000 incubates will be trained and 30 (10 new and 20 existing) Technology Business Incubation (TBI) centres will be supported and set up.

A Fund of Funds has also been created under SIDBI for start-ups and Rs. 60 crore has been released for operational zing the fund to promote agro-based rural industries in the country, Minister of State for MSME, Griraj Singh has said.