ASPIRE - A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship
Status not published
Host institution applications are received on the ASPIRE portal; confirm the current window with the Ministry, as the scheme has been folded into consolidated MSME programming.
Grant support to set up Livelihood Business Incubators and Technology Business Incubators in rural and agro-based sectors: up to INR 1 crore for a new LBI and up to INR 50 lakh for strengthening an existing one. The incubator, not the entrepreneur, is the grantee.
Ministry of Micro, Small and Medium Enterprises (MSME), Government of India
public · national
Deadline: rolling — Host institution applications are received on the ASPIRE portal; confirm the current window with the Ministry, as the scheme has been folded into consolidated MSME programming.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Quick — mostly identity and bank details.
Who can apply
- Sectors: agri, manufacturing, social
- Locally registered entity required
Applicants are host institutions (KVIC, NSIC, Coir Board, academic institutions, PSUs, private bodies) setting up rural livelihood or technology business incubators. Rural entrepreneurs benefit through the incubator.
Source. https://aspire.msme.gov.in/ — checked 2026-08-14 · not human-checked