{"id":110154,"date":"2026-06-27T14:19:13","date_gmt":"2026-06-27T08:49:13","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=110154"},"modified":"2026-06-27T14:57:14","modified_gmt":"2026-06-27T09:27:14","slug":"aspire-scheme-upsc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/aspire-scheme-upsc\/","title":{"rendered":"ASPIRE Scheme"},"content":{"rendered":"<h2><b>ASPIRE Scheme Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">India\u2019s ASPIRE scheme is helping transform rural livelihoods by supporting aspiring entrepreneurs with training, incubation and business development assistance.<\/span><b>\u00a0<\/b><\/p>\n<h2><b>About ASPIRE Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ASPIRE (<\/span><b>A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship<\/b><span style=\"font-weight: 400;\">) scheme was launched in 2015.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It <\/span><b>promotes entrepreneurship<\/b><span style=\"font-weight: 400;\"> and employment generation, particularly in rural and agro-based sectors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It provides <\/span><b>financial, technical, and mentoring support<\/b><span style=\"font-weight: 400;\"> to entrepreneurs through incubation centres and cluster-based development.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nodal Ministry: <\/b><span style=\"font-weight: 400;\">Ministry of Micro, Small &amp; Medium Enterprises\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>ASPIRE Scheme Features<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It <\/span><b>promotes rural entrepreneurship<\/b><span style=\"font-weight: 400;\"> and innovation through <\/span><b>incubation support.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It focuses on establishing <\/span><b>Livelihood Business Incubators<\/b><span style=\"font-weight: 400;\"> (LBIs) in rural and underserved areas.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It encourages the development of <\/span><b>agro-based and rural enterprises<\/b><span style=\"font-weight: 400;\"> with high employment potential.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It <\/span><b>supports Technology Business Incubators<\/b><span style=\"font-weight: 400;\"> (TBIs) to promote innovation and technology-driven start-ups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It provides financial assistance for setting up incubators through <\/span><b>capital grants.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It offers grant support up to <\/span><b>\u20b91 crore for Government and PSU incubators.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It provides grant support up to <\/span><b>\u20b975 lakh for private or <a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/public-private-partnership\/\" target=\"_blank\">PPP<\/a> incubators.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It provides <\/span><b>one-time financial support up to \u20b91 crore<\/b><span style=\"font-weight: 400;\"> for operational expenses of incubators.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It offers seed capital and risk funding support for early-stage innovators and start-ups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It strengthens enterprise clusters to improve productivity and market access.<\/span><\/li>\n<\/ul>\n<h2><b>Eligibility for ASPIRE Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is open to <\/span><b>Government institutions, Public Sector Undertakings<\/b><span style=\"font-weight: 400;\"> (PSUs), and private or PPP organizations for establishing incubators.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is <\/span><b>available to MSMEs<\/b><span style=\"font-weight: 400;\"> with valid Entrepreneurs Memorandum (EM) registration.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It supports individual innovators and entrepreneurs through incubation and mentoring services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It gives priority to start-ups working in agro-based, rural, and technology-driven sectors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It requires institutions to have adequate infrastructure and technical capability for incubation activities.<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2278172&amp;reg=3&amp;lang=1\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ASPIRE Scheme promotes entrepreneurship and employment generation, particularly in rural and agro-based sectors. Read more about ASPIRE Scheme, Features, Eligibility, Latest News.<\/p>\n","protected":false},"author":24,"featured_media":110131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[5132,21,22,23],"class_list":{"0":"post-110154","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-aspire-scheme","9":"tag-prelims-pointers","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/110154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=110154"}],"version-history":[{"count":4,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/110154\/revisions"}],"predecessor-version":[{"id":110191,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/110154\/revisions\/110191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/110131"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=110154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=110154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=110154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}