Scheme Name: ASPIRE

State: Uttar Pradesh

Description of the Scheme: A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship

Target group : Individual

Sector of the Scheme:

To set up business incubators so that eligible youth can be adequately incubated in various skills and be provided the opportunity to set up their own business enterprises;

To impart entrepreneurship, and skill development training to youth;

To provide mentoring and hand holding with facilitation for funding with a view to empower them to set up own business enterprises.

To promote new low-end-technology/livelihood based enterprises.

Eligibility Criteria: Unemployed Youth

Nature & Mode of Assistance:

50% of the approved amount after approval of the incubation centre by SSC

30% of the approved amount after installation of the plant and machinery at the centre.

Last installment of 20% of the approved cost will be released after commencement of training

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

Proposal in prescribed proforma along with necessary enclosures and endorsement from Head of the designated agencies i.e , NSIC, KVIC or Coir Board or any other institution/ agency of State Govt. interested in setting up of new incubator may be sent to the following addresses:

The Member Convener, Scheme Steering Committee, ASPIRE, O/ o The Joint Secretary (ARI Division) Ministry of Micro, Small & Medium Enterprises, Udyog Bhawan, New Delhi-110011. Telephone

(011) 23061543 Telefax: (011) 23062858 E-mail: js.ari@nic.in

Application could also be uploaded on the ASPIRE website by filling up the proforma enclosed at www.aspire.msme.gov.in.

Whom to Contact:

District Industry & Enterprises promotion center.