A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship (ASPIRE)
To set up a network of technology centers, incubation centres to accelerate entrepreneurship and also to promote start-ups for innovation and entrepreneurship in rural and agriculture based industries with a fund of Rs.210 crores.
The planned outcomes of ASPIRE are setting up Technology Business Incubators (TBI), Livelihood Business Incubators (LBI) and creation of a Fund of Funds for such initiatives with SIDBI.
1st LBI set up in April-2015 under ASPIRE within a month of launching the Scheme. The first batch of 107 youth has been trained and skilled through it.
19 LBIs have been approved till September 2015 and another 9 LBIs & 2 TBI is ready to be approved.