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Bureau for Facilitating MSMEs of Tamil Nadu (FaMe TN)
(A Section 8 company under MSME Department, Government of Tamil Nadu)
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A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE)
Government of India, Ministry of MSME
Ministry of Micro, Small and Medium Enterprises (MSME Ministry)

A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE)

You get up to a crore for plant, machinery, and operational costs, plus workspace in Rural Business Incubation Centers.

Objective
  • To facilitate Livelihood Business Incubation centres in rural and underserved areas, promoting innovation and entrepreneurship.
Key Benefits
  • Financial assistance up to INR 1 crore for plant and machinery to government agencies.
  • Financial assistance up to INR 75 lakh for plant and machinery to private agencies.
  • Grant of up to INR 1 crore for operational expenses like manpower and skill programs.
  • Support provided for setting up Livelihood Business Incubators (LBIs).
Eligibility Criteria
  • Applicant should be a government body, industry association, academic, or not-for-profit institution.
  • Institutions must have experience in incubation or skill development.
How to Apply / Office To Contact
How to Apply / Office To Contact

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