Question
What is the primary focus of the ASPIRE scheme of the
Ministry of Micro, Small & Medium Enterprises, Government of India?Solution
The ASPIRE (A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship) scheme aims to promote entrepreneurship and innovation in the MSME (Micro, Small and Medium Enterprises) sector by setting up livelihood business incubation centres, technology business incubators, and fund of funds for start-ups. This initiative focuses on creating a supportive ecosystem for entrepreneurs and startups in the MSME sector.
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