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ASPIRE Scheme (MSME Innovation & Rural Entrepreneurship)

To enable the effective setup and operation of these incubators, ASPIRE provides comprehensive funding support, including assistance of up to ₹1 crore for government agencies and up to ₹75 lakh for private agencies for plant and machinery.

ASPIRE is a flagship initiative of the Ministry of MSME aimed at accelerating innovation, rural industry development, and entrepreneurship across India.

The scheme focuses on establishing a strong network of Livelihood Business Incubators (LBIs) in rural and underserved regions to nurture micro-enterprises, especially in the agro-rural sector.

By strengthening local entrepreneurial ecosystems, the ASPIRE scheme empowers rural youth, promotes technology adoption, and supports the growth of sustainable rural enterprises.

ASPIRE Scheme (MSME Innovation & Rural Entrepreneurship) Objective Image

Objectives

Benifits

ASPIRE Scheme (MSME Innovation & Rural Entrepreneurship) Benefit Image
ASPIRE Scheme (MSME Innovation & Rural Entrepreneurship) Eligibility Image

Eligibility

How to Apply?

1

The applicant organization shall select a designated Mentor Institute under the ASPIRE scheme and prepare the proposal in the prescribed format.

2

The Detailed Project Report (DPR) shall be submitted online through the ASPIRE portal of the Ministry of MSME (www.aspire.msme.gov.in) or sent as a soft copy to the Ministry until the portal is fully operational.

3

The selected Mentor Institute shall scrutinize and validate the proposal before forwarding it for further processing.

4

The proposal shall be examined by the Project Screening Committee (PSC) based on feasibility, local requirements, and scheme guidelines.

5

Proposals recommended by the PSC shall be placed before the Scheme Steering Committee (SSC) for final approval.

6

Upon approval by the SSC, financial assistance shall be released in installments as per prescribed norms and submission of utilization certificates.

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Details & Documents

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ASPIRE Scheme (MSME Innovation & Rural Entrepreneurship) Details 29 Dec 2025 View
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