šŸ“¢ Too many exams? Don’t know which one suits you best? Book Your Free Expert šŸ‘‰ call Now!


    Question

    What does the ā€œIā€ in ASPIRE scheme for MSMEs stand

    for? Ā 
    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.   Ā  Assistance   Ā 

    • 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    Ā 
    • 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   Ā 

    Practice Next
    ask-question