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    • Question

      What does the “I” in ASPIRE scheme for MSMEs stand

      for?  
      A Innovation Correct Answer Incorrect Answer
      B Intellectual property Correct Answer Incorrect Answer
      C Industrial Correct Answer Incorrect Answer
      D Incubation Correct Answer Incorrect Answer
      E Information Correct Answer Incorrect Answer

      Solution

      A Scheme for promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE), was launched in 2015 to set up a network of technology centres and to set up incubation centres to accelerate entrepreneurship and also to promote start-ups for innovation and entrepreneurship in agro-industry.     Assistance    

      • One-time grant of 100% of cost of Plant & Machinery other than the land and infrastructure, or an amount up to Rs 1 Crore, whichever is less is to be provided     
      • In case of incubation centres to be set up under PPP mode with NSIC, KVIC or Coir Board or any other Institution/agency of GoI/State Government, one- time grant of 50% of cost of Plant & Machinery, other than the land and infrastructure, or Rs 50 lakhs, whichever is less is to be provided    

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